List of Key Terminology
Goods Received Note (GRN): A document that authenticates that the relative party has taken over the responsibility of the goods with a signature or stamp upon delivering or receiving them to/from the company, supplier or customer, which offers warehousing, transportation and/or value-added services.
Handling: A general description that is used for all logistics facility operations such as moving products around, breaking up the packaging form and redoing it, changing and checking case sizes, labelling, and stretching.
Hardtop Container: A container that does not fit a standard container or that cannot be loaded through the door with a forklift or similar equipment.
House Airway Bill (HAWB): HAWB means House airway bill issued by a freight forwarder on receipt of goods from shipper agreeing to deliver goods at destination.
Hub: Regional centres where incoming cargo is unloaded and outgoing cargo is loaded, daily temporary storage for cargo is provided, and cargo is transferred between vehicles.
In-Bond: A customs program for inland ports that provides for cargo arriving at a seaport to be shipped under a customs bond to a more conveniently located inland port where the entry documents have been filed. Customs clears the shipment there and the cargo is trucked to its destination, which normally is close to the inland port.
Indirect Air Carrier (IAC): An organization or entity, within the United States, not in possession of an FAA air carrier operating certificate that initiates to engage indirectly in air transportation of property and uses for any part of such transportation of services to a passenger air carrier.
Inland Port: Sites located away from traditional borders where international trade is processed and value-added services are available.
Interline Shipping: The movement of a single shipment via two or more carriers.
IMCO Charge: Additional fee that the ship owner may request for transportation of dangerous goods.
IMO Document: A document used for transportation of flammable, explosive or chemical materials.
Import: Commerce that occurs when the goods are shipped from a country into the present country.
IATA: International Air Transport Association – an Association that establishes international rules and standards for participating air carriers.
ICD: An ICD also provides similar services to CFS, the only difference is that it is located in the hinterland (cargo generating and distributing areas) far away from the ports.
Intermodal Transportation: Delivering the transported goods to the eventual destination by using multiple transportation models (ro-ro, or road, maritime or rail transportation) without conducting any physical processes on the goods or opening the container/trailer.
International Transportation: Al types of direct or transit road, sea, railway and/or airway transportation from one country to the other.
K1: Authorization document that natural and legal persons are required to obtain from the Ministry of Transportation, Maritime and Communication to perform intercity goods road transportation with one or more self-owned vehicles.
Knocked Down (KD): Dismantling the load to be reassembled for the purpose of an economical loading.
L2 Document: A type of authorization document that international logistics operators must possess pursuant to the Law on Road Transportation. They remain valid for five years, provided the provisions of the Law have not been violated.
Laydays and Cancelling Clause (LayCan): The gap that is made up of the days on which ships can stay at the docks for loading or unloading.
Less than Container Load: Allocation of a transportation vehicle or case to more than one receiver.
Less Than Truckload (LTL): Freight from several shippers loaded onto an individual trailer. The shipment is based upon a separate rate than truckload rate. LTL is in contrast to TL, which is only one shipment from one shipper that is loaded on a tractor-trailer.
Loading Area: Areas such as pallets, platforms, etc on which to place the loads.
Loading: Safe loading of items onto a vehicle such as a train, truck, and so on for shipment.
Logistics Management: A supply chain process stage that involves effective and efficient planning, implementation and control of forward and backward flow, and warehousing of goods, services and relevant information between manufacturing and consumption points so as to meet customer needs.
Logistics: Physical flow that consists of transportation, warehousing, packaging and handling, and service flow that includes customs clearance, insurance, supervision, and stock and order management.
Low-bed Trailer: A semi-trailer that allows shipment of loads, which are non-standard according to the international and domestic road transportation directive such as heavy duty vehicles or special task loads, and which have a different length, height, width and tonnage from those of regular trucks and tractor trailers.
Master Air Waybill (MAWB): MAWB is Master airway bill issued by main carrier of goods on receipt of goods from a freight forwarder to deliver at destination as per agreed terms.
Mode of Payment:
Non-vessel Operating Common Carrier (NVOCC): A carrier who issues bills of lading for carriage of goods on vessels that are not owned or operated by them.
Package: A case that is made of metal, plastic, carton, or similar material to facilitate marketing, shipping, warehousing and distribution by protecting the products against external factors and keeping them together.
Packing List: A document prepared by the shipper that lists the kinds and quantities of merchandise in a particular shipment. A copy is generally sent to the consignee to aid in checking the shipment when received.