Logistics Glossary

Logistics Glossary - FreightArea.com

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Bill of Lading A document issued by an entity providing transportation services that serves three purposes: 1) serves as receipt for the goods delivered to the carrier for shipment, 2) defines the contract of carriage of the goods from the point of origin to the point o Detay
Bill of Lading Number The number assigned by the carrier to identify the bill of lading. Detay
Bill of Lading, Through A bill of lading to cover goods from point of origin to final destination when interchange or transfer from one carrier to another is necessary to complete the journey. Detay
Billing A carrier terminal activity that determines the proper rate and total charges for a shipment and issues a freight bill. Detay
Binder A strip of cardboard, thin wood, burlap, or similar material placed between layers of containers to hold a stack together. Detay
Blanket rate A rate that does not increase according to the distance a commodity is shipped. Detay
Bond, In Goods are held or transported In-Bond under customs control either until import duties or other charges are paid, or in order to avoid paying the duties or charges until a later date. Detay
Bonded warehousing A type of warehousing in which companies place goods in storage without paying taxes or tariffs. The warehouse manager bonds himself or herself to the tax or tariff collecting agency to ensure payment of the taxes before the warehouse releases the goods. Detay
Booking The act of requesting space and equipment aboard a vessel for cargo which is to be transported. Detay
Booking Number The number assigned to a certain space reservation by the carrier or the carrier's agent. Detay
Boxcar An enclosed railcar, typically forty to fifty feet long, used for packaged freight and some bulk commodities. Detay
Bracing To secure a shipment inside a carrier's vehicle to prevent damage. Detay
Break Bulk Cargo Cargo that is shipped as a unit or package (for example: palletized cargo, boxed cargo, large machinery, trucks) but is not containerized. Detay
Break Bulk Vessel A vessel designed to handle break bulk cargo. Detay
Break-bulk The separation of a consolidated bulk load into smaller individual shipments for delivery to the ultimate consignee. The freight may be moved intact inside the trailer, or it may be interchanged and rehandled to connecting carriers. Detay
Broker There are 3 definitions for the term "broker": 1) an enterprise that owns & leases equipment 2) an enterprise that arranges the buying & selling of transp., goods, or services 3) a ship agent who acts for the ship owner or charterer in arranging charters. Detay
Buffer Stock A quantity of goods or articles kept in storage to safeguard against unforeseen shortages or demands. Detay
Bulk area A storage area for large items which at a minimum are most efficiently handled by the palletload. Detay
Bulk Cargo shipped in loose condition and of a homogeneous nature. Cargoes that are shipped unpackaged either dry, such as grain and ore, or liquid, such as petroleum products. Bulk service generally is not provided on a regularly scheduled basis, but rather a Detay
Bundling An occurrence where two or more products are combined into one transaction for a single price. Detay