CVS GLOBAL LOGISTICS

Glossary of Logistics and Foreign Trade Terms

A B C D E F G I L R T
A
A.I.D.
Agency for International Development. Organization that coordinates assistance given to countries suffering from war, epidemics, famine, etc.
A.T.A.
American Truckers Association.
AAR / A.A.R.
"Against All Risks" clause in insurance policies, or Association of American Railroads.
ABAFT
A point on a ship toward the stern or between the stern and the middle.
ABANDON
A decision by the shipper or consignee to relinquish ownership of the cargo.
ABI
Automated Broker Interface; EDI system used to execute import clearances with US Customs.
ABOARD
The state of cargo being on or within the transport vehicle.
ABSORPTION
When one carrier assumes the costs of another without shifting the expense to the shipper.
ACCEPTANCE
Agreement to purchase goods under defined terms, or the acknowledgement of a time draft/check.
ACCESSORIAL CHARGES
Additional surcharges added to the base tariff, such as container demurrage or currency adjustments.
ACQUIESCENCE
Implied acceptance of the terms of a bill of lading by signing it without a protest.
ACQUITTANCE
A document acknowledging release from further claims or liability concerning the cargo.
ACT OF GOD
Natural disaster or unavoidable event caused by nature.
AD VALOREM
Latin for "according to value," a term widely applied in customs duty and tax valuation models.
ADMINISTRATIVE LAW JUDGE
An administrative hearing officer in the US; ADMIRALTY refers to the maritime court.
ADVANCE
An upfront advance payment, or arranging to transport goods on a vessel reserved ahead of time.
ADVANCED CHARGES
Fees passed from one carrier to another, eventually collected from the consignee or shipper.
ADVENTURE
A shipment execution wherein the shipper explicitly agrees to assume all commercial risks.
ADVICE OF SHIPMENT
A dispatch notice detailing packaging parameters, routing, and instruction details for the receiver.
ADVISING BANK
The bank that initiates a commercial credit relationship on behalf of a merchant.
AFFREIGHTMENT, CONTRACT OF
A structured freight booking contract ensuring vessel space allocation at a specific rate tier.
AFT
The rear or stern structure portion of a ship or aircraft fuselage.
AGENCY TARIFF
A collective freight rate sheet published by an agent operating on behalf of multiple lines.
AGENT
An authorized entity or firm legally empowered to execute agreements on behalf of another party.
AGGREGATE SHIPMENT
Consolidated freight units originating from distinct vendors bundled as a single transport load.
AGREED WEIGHT
The mutual cargo weight baseline officially accepted by both the carrier and the cargo owner.
AIRWAY BILL
A non-negotiable air transport bill validating terms and acceptance of cargo carriage.
ALL IN
An all-inclusive pricing matrix capturing every terminal fee from origin to destination.
ALONGSIDE
The lateral zone directly adjacent to a ship's hull; the vessel's beam.
AMBIENT TEMPERATURE
Surrounding atmospheric conditions encompassing a freight containment envelope.
AMERICAN BUREAU OF SHIPPING
The maritime board validating and registering seaworthiness for vessels under US registration.
AMS
Automated Manifest System utilized for processing manifest submissions by US Customs.
ANTI-DUMPING DUTY
A domestic industry protection tariff leveled against imported inventory sold below domestic cost.
ANY QUANTITY (A.Q.)
A clause stating shipping rates apply evenly without scaling based on load metrics.
APPARENT GOOD ORDER
An initial outward audit confirming the container skin exhibits no structural damage.
APPRAISEMENT
The legal custom-assessed computation validating market value parameters of commodities.
ARRIVAL NOTICE
A notification brief advising that a batch has finalized layout and arrived at terminal.
ASSIGNMENT
Assigning or endorsing a carriage paper or commercial certificate to execute transfer of equity.
ASTERN
The backward motion shift vector of a watercraft moving in reverse.
ATA CARNET
A global trade passport permitting customs-exempt provisional admission of display samples.
B
B/L (Bill of Lading)
A critical commercial legal document tracking ocean, air, or continental road freight variables. Variations include Ocean, Combined, and Through B/L formats.
BACK HAUL
A return transport operation executing freight delivery on a return route leg.
BAF (Bunker Adjustment Factor)
A variable adjustment factor introduced to hedge against maritime bunker fuel marketplace shifts.
BALLOON FREIGHT
Low density cargo items with high volumetric space configurations.
BANK GUARANTEE
A letter security issued to release containers when physical bill of lading items are missing.
BARRATRY
Unlawful or fraudulent actions executed by a captain or crew against the vessel owner's intent.
BASE RATE
The basic baseline hauling cost metric, excluding extra customs assessment or logistics surcharges.
BB (Ballast Bonus)
An added operational fee to compensate a ship required to sail empty to a target terminal point.
BCO
Beneficial Cargo Owner; a freight principal managing operations without intermediaries.
BERTH TERMS
Pier-to-pier conditions confirming loading/unloading terminal tasks are bundled into navlun.
BILL OF EXCHANGE
A formal financial layout draft or negotiable item mandating transaction liquidation settlement.
BILL OF SALE
A notarized certificate or transactional docket executing title transfer of goods.
BLANKET RATE
A flat single rate structure applied universally across heterogenous commodity profiles.
BONDED WAREHOUSE
A custom-bonded depot framework holding items awaiting regulatory tariff declaration clearance.
BREAK BULK
Bulk commodity types hauled loose or packed without specific container parameters.
BROKER
An expert trade middleman acting to match loads and lines for commission splits.
C
C&F / CFR
Cost and Freight; vendor covers all layout transportation liabilities to the arrival port.
CABOTAGE
Coastal shipping operations executed exclusively between internal national dock points.
CAF
Currency Adjustment Factor surcharge applied to stabilize against foreign currency variations.
CARNET
A specific customs-issued travel booklet validating transit clearance of commercial loads.
CARRIER
The official freight carriage company legally responsible for executing transit logistics.
CERTIFICATE OF ORIGIN
Menşe şahadetnamesi; a verified document confirming the manufacturing nation source.
CFS
Container Freight Station; a regional hub dedicated to consolidating partial lot units.
CIF
Cost, Insurance, and Freight; shipping setup including asset policy coverage premiums.
CIP
Carriage and Insurance Paid to destination.
CLEAN B/L
A pristine bill of lading acknowledging the collection of cargo without visible damage defects.
CONSIGNEE
The designated entity legally named and authorized to claim incoming freight cargo packages.
CPT
Carriage Paid To; transport terms with delivery pre-arranged to a specific point.
D
DAF
Delivered At Frontier point.
DDP
Delivered Duty Paid; shipping inclusive of all domestic clearing tariffs and import taxes.
DDU
Delivered Duty Unpaid; arrival conditions excluding import custom verification fees.
DEADWEIGHT
The total overall carrying deadweight capability metric of an empty vessel hull.
DEMURRAGE
A specific structural penalty assessed when loading or clearing tasks overrun predefined laytime limits.
DEQ / DES
Delivered Ex Quay (DEQ) or Delivered Ex Ship (DES).
DETENTION
An equipment line penalty levied when container chassis or structures exceed unreturned layouts.
DOOR TO DOOR
An integrated end-to-end shipping process tracing from vendor collection directly to the final recipient.
DRAFT
A banking draft financial instrument outlining collection demands on a specific settlement date.
E
EDI / EDIFACT
Electronic Data Interchange global criteria for structured international cargo messaging frameworks.
EMBARGO
A total regulatory restriction or embargo banning trade execution on chosen goods.
ETA
Estimated Time of Arrival tracking index updates.
EX WORKS (EXW)
Ex Works conditions representing the absolute bare minimum commercial risk exposure for vendors.
EXPORT
Export; international commerce operations executing the outbound sale of assets to foreign nations.
F
FAS
Free Alongside Ship transport handover condition.
FCA
Free Carrier; inventory delivered cleared to an explicit shipping forwarder hub point.
FCL
Full Container Load processing specifications.
FIATA
International Federation of Freight Forwarders Associations.
FIO
Free In and Out terms indicating loading/unloading terminal costs are omitted from navlun rates.
FOB
Free On Board; handover executed once assets clear the ship's rail at the named terminal port.
FORCE MAJEURE
Act of God or disruptive macro events completely outside contractual execution spheres.
FREIGHT FORWARDER
A specialized logistics firm orchestrating global cargo movements.
G
GATT
General Agreement on Tariffs and Trade baseline layouts.
GROSS WEIGHT
Gross structural weight tracking total cargo bundle including exterior tare packaging wrappers.
I
INCOTERMS
The official international matrix governing commercial cargo responsibility distribution.
INTERMODAL
Combined logistics processes utilizing multiple separate transit modules smoothly.
L
LCL
Less than Container Load shipments routing consolidated batch groups together.
LOGISTICS
Logistics; the management of flow pipelines coordinating information and assets from source to consumer.
R
RO/RO
Roll-On/Roll-Off transit systems handling wheeled cargo loading processes autonomously.
T
TEU
Twenty-foot Equivalent Unit container metric framework baseline indexes.
TIR
International Road Transport treaty system establishing custom-bonded road transit layouts.

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