3PL
A fourth-party logistics (4PL) provider handles the entire logistical operations for manufacturing companies, including managing resources, technology, infrastructure, and can include the oversight of external 3PLs. They design, build and provide supply chain solutions for medium and enterprise businesses.
4PL
A fourth-party logistics (4PL) provider handles the entire logistical operations for manufacturing companies, including managing resources, technology, infrastructure, and can include the oversight of external 3PLs. They design, build and provide supply chain solutions for medium and enterprise businesses.
API
An Application Program Interface (API) is a set of routines, protocols, and tools for building software applications. Basically, an API specifies how software components should interact.
Agent
In the operations of a port, a licensed agent transacts the cargo ship's business, such as insurance or documentation, for the owner.
Arrival Notice
Arrival Notice is a notification provided by the carrier when a shipment has arrived at it's destination.
Base Rate
A base rate is the shipping cost of a parcel before potential surcharges and fees (such as handling or residential) are applied.
Bill Of Lading
A legal document issued by couriers to shippers, that details the type, quantity and destination of the goods being carried.
Bonded Warehouse
A bonded warehouse is a warehouse operated by a private company in a foreign country.
Bulk Cargo
Bulk cargo is commodity cargo transported unpackaged in large quantities.
Bulk Shipping
A large quantity of goods shipped between geographical destinations.
CIF
Cost, insurance and freight(CIF) is an expense paid by a seller to cover the cost, insurance and freight of a buyer's order while it's in transit.
Carrier
A company or a person legally entitled to transport goods by land, water or air.
Carrier Liability
When a carrier is responsible for shipment losses, damages or delays
Certificate Of Origin
An important international document declaring the country a package was originaling exported.
Claim
A legal demand made by a shipper or consignee aganist a carrier in respect to damaged or lost packages.
Consignee
An entity of who is financially responsible for receipt of a shipment.
Courier
An individual or business responsible for the exchange of items between two or more parties.
Cross Border Shipping
When a goods are transported from one country to another country.
Customs Invoice
A document included with international parcels containing the required information about the goods inside the parcel.
Custom Clearance
The custom clearance process managed by counries of allowing import or export goods into and out of their country based on variable legal requirements
Customs
An offical government department that administers the import of goods into a country
Customs Broker
A licensed firm responsible for faciliating the shipment and delivery of goods accross borders.
Customs Duty
A tax imposed on the import and export of goods when they are transported across borders.
Crowdfunding
A method of raising small amounts of money from a large group of people for a project, product or business through the internet.
DDP
Delivery Duty Paid shipping is a type of delivery where the sellers takes responsibility for all the fees and risk of shipping goods.
DDU
Delivery Duty Unpaid is a type of delivery where buyers has to pay for all import customs clearance, duties, and taxes upon delivery.
Dimension Weight Charge
Shipment pricing method by couriers where the size of the package is charged over the weight.
Dispatch
Refers to a stage in shipping when a product is packed and ready to ship.
Distribution Center
A legal demand made by a shipper or consigneeA large warehouse hub specialized for retailers and wholesellers where goods are redistributed to other locations or customers. aganist a carrier in respect to damaged or lost packages.
Door-To-Door
A type of shipping container that will be picked up from a warehouse and delivered to the location decided by the customer.
Drayage
Shipping goods a short distance via ground freight.
Dropshipping
An individual or business responsible An online retail order fulfillment model where, instead of stocking products in a store, they are purchased directly from third-party suppliers and shipped directly to customers.for the exchange of items between two or more parties.
ETA (Estimated Time Of Arrival)
The date or time that a shipment is predicted to arrive at the location a customer provides.
Exempt Carrier
A company operating vehicles performing services or carrying goods, that are not subject to the regulatory laws.
Expedited Shipping
A type of freight shipping where goods and shipments will be delivered at a faster time than standard shipping.
Export
The shipment of goods from one country to another country.
Final Mile
Final section of the parcel’s delivery journey, usually from the distribution warehouse to the location costomer provided.
Fob
A type of shipping where the supplier retains ownership and responsibility for goods until they are loaded ‘on board’ a shipping vessel
Free Trade Zone
A geographic area where goods may be landed, stored, handled, manufactured, reconfigured and re-exported.
Freight
The bulk commodities and goods located in a container shipped by truck, train, ship, or aircraft.
Freight Shipping
The physical process of transporting bulk commodities and goods by truck, train, ship, or aircraft.
Fuel Surcharge
An extra fee that trucking companies (or third parties) charge to cover the fluctuating cost of fuel
Full Container Loaded (FCL)
All goods in the container are listed on a single Bill of Lading, and are owned by a single party.
Full Truck Loaded (FTL),
ull truck loaded, meaning shipment will take up an entire truck by itself.
In-Transit
The package is being transported
Inbound Logistics
Receiving, storing, and disseminating incoming goods or material for use.
Intermodal Transportation
Freight shipped using two or more modes of transportation.
Inventory Management
Supervision of inventory and replenishment of stock at optimal levels to make sure goods are always available for sale
Invoice
An accounting document used by businesses to provide a record of the products shipped from a seller to a buyer.
LCL (Less than Container Load)
Sea shipping cargo loads that are not large enough to fill a full shipping container.
LTL (Less-than-truckload shipping)
A transportation of shipment or goods that does not require a full truckload.
Labels
A type of identification on a package describing what's inside a package, consisting of information like addresses, names, weight, and a tracking barcode.
Landed Costs
Total price of a good or shipment that has arrived to customer.
Landing Certificate
A document issued by Customs in a destination country confirming that a particular shipment was entered/cleared through Customs
Logistics
The overall process of how shipments are acquired, stored, and transported to final destination.
SKU (Stock Keeping Unit)
Used by sellers to identify and track their inventory.
SMEs
Small and medium-sized businesses whose personnel numbers fewer than a certain limits
Shipper
A person or business responsible for preparing the shipment and cosigns the product to the carrier
Shipping Documents
Forms that accompany a shipment which included date and method of shipment and quantities and specifications of goods.
Shipping Order
A document issued by the carrier to specify what items are to be transferred and confirms a shipment's booking on a vessel
Software as service (SaaS)
Cloud software that is licensed on a subscription basis and delivered through the internet.
Supply Chain Management
A processes of creating and fulfilling demands for goods and services
Surcharges
An additional fee added to a shipping cost by the carrier.
Surtaxes
An additional tax on something already taxed