Logistics Glossary

Logistics Glossary - FreightArea.com

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Back Haul The return movement of a means of transport that has provided a transport service in one direction. Detay
Back order The process a company uses when a customer orders an item that is not in inventory; the company fills the order when the item becomes available. Detay
Backfreight The owners of a ship are entitled to payment as freight for merchandise returned through the fault of either the consignees or the consignors. Such payment, which is over and above the normal freight, is called backfreight. Detay
Balance of Trade The surplus or deficit which results from comparing a country's exports and imports of merchandise only. Detay
Bale A large compressed, bound, and often wrapped bundle of a commodity, such as cotton or hay. Detay
Barge The cargo-carrying vehicle which may or may not have its own propulsion mechanism for the purpose of transporting goods. Primarily used by Inland water carriers, basic barges have open tops, but there are covered barges for both dry and liquid cargoes. Ba Detay
Barratry An act committed by the master or mariners of a vessel, for some unlawful or fraudulent purpose, contrary to their duty to the owners, whereby the latter sustain injury. It may include negligence, if so gross as to evidence fraud. Detay
Barter The exchange of commodities or services for other commodities or services rather than the purchase of commodities or services with money. Detay
Base Currency The currency whose value is "one" whenever a quote is made between two currencies. Detay
Basing-point pricing A pricing system that includes a transportation cost from a particular city or town in a zone or region even though the shipment does not originate at the basing point. Detay
Batch picking The picking of items from storage for more than one order at a time. Detay
Benefit-cost ratio An analytical tool used in public planning; a ratio of total measurable benefits divided by the initial capital cost. Detay
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