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Logistics related definitions

Posted July 21, 2010 by azlogistics.com in Logistics related Definitions | No comments yet

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AAR
abbreviation for Against All Risks (insurance clause).
(source: www.atlantic-pacific.us)
 
abandon
A proceeding wherein a shipper/consignee seeks authority to abandon all or parts of their cargo.
(source: www.atlantic-pacific.us)
 
A-channel
Primary distribution channel through which only first quality goods are sold.
(source: www.businessdictionary.com)
 
act of God
An act beyond human control, such as lightning, flood or earthquake.
(source: www.atlantic-pacific.us)
 
Ad Valorem
A term from Latin meaning, “according to value”.
(source: www.atlantic-pacific.us)
 
advice of shipment
A notice sent to a local or foreign buyer advising that shipment has gone forward and containing details of packing, routing, etc. A copy of the invoice is often enclosed and, if desired, a copy of the bill of lading.
(source: www.atlantic-pacific.us)
 
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