Carriers that have both air and ground fleets; or other combinations, such as sea, rail, and truck. Since they usually handle thousands of small parcels an hour, they are less expensive and offer more diverse services than regular carriers.
An intermediate consignee is the bank, forwarding agent, or other intermediary (if any) that acts in a foreign country as an agent for the exporter, the purchaser, or the ultimate consignee, for the purpose of effecting delivery of the export to the ultimate consignee.
Movement of goods bymore than one mode of transport, ie. airplane, truck, railroad and ship.
IrrevocableLetter of Credit
A letter of credit in which the specified payment is guaranteed by the issuing bank if all terms and conditions are met by the drawee. It is as good as the issuing bank.
Less than container load (LCL) is a shipment that is not large enough to fill a standard cargo container, so is put into a container with other importers freight.
Lower deck type 3 air freight container. This is the most commonly used container in passenger aircraft.
Letter of Credit
Letters of credit are a method of payment used frequently. This method has certain advantages and disadvantages.
A letter of credit is in essence a promise made by an importer to an exporter to the effect that the exporter will be paid upon production of certain documents. This promise is normally transmitted through (and backed up by) a bank.
L/Cs provide the highest level of security, but are expensive and can cause delays.
The transportation of goods between cities most commonly by rail or road.
Logistics/Third Party Logistics (3PL)
Logistics is the management of the flow of the goods, and services between the point of origin and the point of consumption in order to meet the requirements of customers. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and occasionally security. Third-party logistics (3PL) involves using external organizations to execute logistics activities that have traditionally been performed within an organization itself. According to this definition, third-party logistics includes any form of outsourcing of logistics activities previously performed in-house. If, for example, a company with its own warehousing facilities decides to employ external transportation, this would be an example of third-party logistics.
The compartment below the Main Deck (also synonymous with lower hold and lower lobe).
The Ministry of Agriculture and Forestry (MAF) is the state sector organisation of New Zealand which deals with matters relating to agriculture, forestry and bio-security often referred to as the Quarantine Service in other countries.
The deck on which the major portion of payload is carried, normally known as Upper Deck of an airplane. The full cargo freighter aircraft has it entire upper deck equipped for main deck type of containers/pallets while Combi aircraft uses it rear part of the upper deck for cargo loading. There is no upper deck or main deck type of container/pallet at passenger aircraft.
Marine Cargo Insurance
Broadly, insurance covering loss of, or damage to, goods at sea. Marine insurance typically compensates the owner of merchandise for losses in excess of those which can be legally recovered from the carrier that are sustained from fire, shipwreck, piracy, and various other causes. Three of the most common types of marine insurance coverage are "free of particular average" (f.p.a.), "with average" (w.a.), and "All Risks Coverage."
No Value Declared.
Open-Top Container 20' 40'
A shipping container with removable tarpaulin on the top. Especially for overheight cargo. Loading either from top side or door side by swung outdoor header. (Please refer to our ‘Tools’ section for further information)
Proof Of Delivery, or a cargo/package receipt with the signature of recipient. This term has been widely used in courier and express industry and also gaining more attention and implementation at air cargo industry
Packing list, packing slip or shipping list is a shipping document that accompanies delivery packages, usually inside an attached shipping pouch or inside the package itself. It commonly includes an itemized detail of the package contents and does not include customer pricing. It serves to inform all parties, including transport agencies, government authorities, and customers, about the contents of the package. It helps them deal with the package accordingly.
Platform 20' 40'
The same as a flat rack but a platform does not have ends. (Please refer to our ‘Tools’ section for further information)
Pro Forma Invoice
An invoice provided by a supplier prior to the shipment of merchandise, informing the buyer of the kinds and quantities of goods to be sent, their value, and important specifications (weight, size, and similar characteristics). When an importer apply's for Letter of Credit as the means of payment, a Pro Forma Invoice from the beneficiary of such Letter of Credit, usually the exporter, is required by the L/C issuing bank.
This is a term normal referred to when shipping cargo air or sea, which does not fall within standard methods. Ie over-height or oversize cargo which requires special equipment and handle.