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Logistics Glossary (Logistics Acronyms You Need To Know)
Logistics Glossary is a glossary of provide chain and logistics phrases definitions so that you can flick through.
Understanding this data and the place the market’s trending means it’s essential to perceive the acronymic lingo that goes together with e-commerce and logistics; you’ll discover a few of the extra necessary acronyms and their meanings under.
- ETA (Estimated Time of Arrival): The estimated time when a shipment is expected to arrive at its destination.
- ETD (Estimated Time of Departure): The estimated time when a shipment is expected to depart from its origin.
- POD (Proof of Delivery): A document that serves as evidence of delivery of goods to the recipient.
- BL (Bill of Lading): A legal document that details the type, quantity, and destination of goods being shipped.
- FCL (Full Container Load): A shipment that fills an entire shipping container.
- LCL (Less than Container Load): A shipment that does not fill an entire shipping container.
- RO/RO (Roll On/Roll Off): A method of loading and unloading cargo from a vessel or trailer, where the cargo is rolled on and off using wheels.
- IMO (International Maritime Organization): A specialized agency of the United Nations responsible for the safety and security of shipping and the prevention of marine pollution.
- ISO (International Organization for Standardization): An international standard-setting body that develops and publishes standards for various industries, including logistics.
- TEU (Twenty-foot Equivalent Unit): A standard size measurement used for shipping containers, equivalent to one 20-foot container.
- FEU (Forty-foot Equivalent Unit): A standard size measurement used for shipping containers, equivalent to one 40-foot container.
- CFR (Cost and Freight): A trade term that means the seller is responsible for the cost and freight of the goods until they reach the destination port.
- CIF (Cost, Insurance, and Freight): A trade term that means the seller is responsible for the cost, insurance, and freight of the goods until they reach the destination port.
- FOB (Free on Board): A trade term that means the seller is responsible for the goods until they are loaded onto the shipping vessel.
- CPT (Carriage Paid To): A trade term that means the seller is responsible for the goods until they are delivered to the carrier.
- CIP (Carriage and Insurance Paid To): A trade term that means the seller is responsible for the goods and insurance until they are delivered to the carrier.
- DDP (Delivered Duty Paid): A trade term that means the seller is responsible for the goods and all costs associated with delivering them to the buyer’s premises.
- DDU (Delivered Duty Unpaid): A trade term that means the seller is responsible for the goods until they are delivered to the buyer’s premises, but the buyer is responsible for any duties or taxes.
- ATA (Actual Time of Arrival): The actual time when a shipment arrives at its destination.
- ATD (Actual Time of Departure): The actual time when a shipment departs from its origin.
- CBM (Cubic Meter): A unit of measurement used to calculate the volume of goods in a shipment.
- DG (Dangerous Goods): Goods that are considered hazardous or potentially dangerous during transportation.
- HBL (House Bill of Lading): A document issued by a freight forwarder that serves as a receipt for the goods and details the terms of the shipment.
- MBL (Master Bill of Lading): A document issued by the carrier that serves as a receipt for the goods and details the terms of the shipment.
- NVOCC (Non-Vessel Operating Common Carrier): A company that provides logistics services without operating its own vessels.
- LO/LO (Lift On/Lift Off): A method of loading and unloading cargo from a vessel using a crane to lift the cargo.
- MT (Metric Ton): A unit of measurement used to calculate the weight of goods in a shipment.
- BL Number (Bill of lading Number): A reference number used to identify a shipment in the carrier’s booking system.
- POD (Proof of Delivery): A document that serves as evidence of delivery of goods to the recipient.
- T/T (Transit Time): The amount of time it takes for a shipment to travel from the origin to the destination.
- VGM (Verified Gross Mass): The total weight of a container and its contents, as measured and verified by the shipper.
- CFS (Container Freight Station): A facility where shipping containers are loaded and unloaded.
- CAF (Currency Adjustment Factor): A surcharge added to the shipping cost to account for changes in currency exchange rates.
- THC (Terminal Handling Charge): A fee charged by the terminal operator for handling and processing a shipment.
- ICD (Inland Container Depot): A facility located inland that serves as a hub for the transportation of shipping containers to and from the port.
- ETA ETD (Estimated Time of Arrival and Estimated Time of Departure): These terms refer to the estimated times when a vessel is expected to arrive at its destination and depart from its origin.
- COO (Certificate of Origin): A document that verifies the country of origin of the goods being shipped.
- DG (Dangerous Goods): Goods that are considered hazardous or potentially dangerous during transportation.
- L/D (Laytime and Demurrage): The amount of time allowed for loading and unloading a vessel, and the fee charged for exceeding this time.
- BOM – (Bill of Materials): is defined as product structure is a list of raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture an end product.
- COGS – (Costs of Goods Sold): This term refers to the direct costs of producing the goods sold by a company. This will include the cost of materials and labor directly associated with creating the good or product.
- POE – (Port of Entry): The location where a product may lawfully enter a country.
Logistics Glossary is a glossary of provide chain and logistics phrases definitions so that you can flick through.
