
Logistics has become one of the most critical components of the modern business world. As in all sectors, within logistics, there are many terms whose meanings you need to know to ensure proper operation and progress. Logistics terms cover a wide range from material flow to inventory management, transportation methods to distribution strategies. Correct understanding of these terms is very important both for possessing theoretical knowledge and for successfully managing logistics in practice.
Logistics Terms
Letter | Term | Explanation | |
A | A.A.R | Against All Risks or Covering All Risks | |
A | A/A | Always afloat, for safe cargo transportation and navigation | |
A | Abandonment | The act of abandoning a ship or cargo | |
A | Absolute Responsibility | The carrier assumes full responsibility | |
A | Acceptance | Document confirming the recipient has received the cargo | |
A | Additional Service Charges | Extra charges for services beyond the agreed scope | |
A | Activity-Based Costing | Accounting system used for the cost of specific activities | |
A | Ad Valorem | Charges calculated based on the value of the goods transported | |
A | Advance Payment | Prepayment for starting services | |
A | Shipping Notice (ASN) | Notification containing shipment information | |
A | Shipment Advice | Provides information to the recipient about shipment details | |
A | In Transit | Products not yet unloaded | |
A | Air Waybill | Document for air transportation | |
A | Arrival Airport | The airport where the shipment arrives | |
A | Departure Airport | The airport from which the shipment departs | |
A | Air Waybill | Document issued for air transportation | |
A | Full Cargo Rate | Standard transportation fee for different products | |
A | Permit | Permission or tolerance for non-standard situations | |
A | Carrier to Port Delivery | Delivery point up to the ship's side | |
A | Alternative Route | Alternative route program | |
A | Extraordinary Charge | Additional fee to compensate for local conditions | |
A | Arrival Time | Time of arrival | |
A | Supported Logistics Service Institution | Logistics company connected with transportation and storage firms | |
A | Authorized Carrier | Carrier authorized by ICC | |
A | A.T.A. Carnet | Temporary import document, valid for 1 year | |
A | Agent | Representative working on behalf of a logistics company | |
A | ADR | Standards for transporting hazardous materials | |
A | Transshipment | Transfer of cargo to another vehicle | |
A | Recipient | The party receiving the delivery | |
A | Warehouse | Temporary or permanent storage area | |
A | Customs Warehouse | Storage area during customs procedures | |
B | B/L (Bill of Lading) | Consignment note | |
B | Backhaul | Return movement in the opposite direction, or sending back | |
B | Barcodes | Barcodes | |
B | Barter Companies | Allow companies to clear stock through barter exchanges | |
B | Basing Point | Main point used as basis for transportation charges | |
B |