FREIGHT AND LOGISTICS Glossary
The world of logistics and supply chain management has a jargon all its own. Supply chain management professionals need to “talk the talk” when they speak with supply chain partners and other logistics providers. Here are some definitions of many of the specialized terms that commonly need explaining.
FEATURED TERMS
ABI
ABI is a common abbreviation for Automated Broker Interface, an opt-in U.S. Customs program available to importers and brokers as a way to reduce the potential for import data errors. According to the CBP, 96 percent of all import entries are filed using the ABI.
Demurrage
Demurrage is a charge payable to the owner of a chartered ship in respect of failure to load or discharge the ship within the time agreed.
FTZ
A foreign trade zone is an area adjacent to ports of entry where imported goods can be packed, unpacked, and evaluated without being subject to local import duties.
#-C
4PL Software
Automated Commercial Environment
Bill of Lading
Cloud Logistics Software
Consignor
Cross-Docking
Air Waybill
Automated Manifest System
Bill of Materials
Common Carrier
Container Freight Station
Customer Relationship Management
Customs Software
Automated Broker Interface
Application Program Interface
Carrier
Consignee
Cost of Goods Sold
D-F
Delivery Duty Paid
Electronic Export Information
Free on Board
Forty Foot Equivalent Unit
Demurrage
Electronic Air Waybill
Free Trade Agreement
Full Container Load
Detention
Electronic Data Interchange
Foreign Trade Zone
Full Truckload
G-L
Importer Security Filing
International Air Transport Association
Just-in-Time
Less-Than-Truckload
Harmonized Tariff Schedule
In-Bond Shipment
International Organization of Standardization
Last Mile Delivery
Less Than Container Load
Intermodal
Interstate Commerce Commission
Landed Cost
M-Z
Straight Bill of Lading
Purchase Order
Standard International Trade Classification