Glossary of Terms

LTL – Less than truckload. This means a shipment that does not require a full 48 or 53 foot trailer.

POD – Proof of Delivery. A document required from the carrier or driver for proper payment. It contains the name of the person who signed for the shipment, the date and time of delivery

COD – Collect on Delivery. The driver collects for the value of the goods on behalf of the shipper and/or the freight charges due to the carrier. The amount must be collected before the freight can be released to the consignee.

In Bond – Cargo moving under Customs control where duty as yet to be paid.

Cross – Docking – operations in a warehouse involve moving goods between different trucks to consolidate loads without intermediate storage.

Pallet – A platform with or without sides, on which a number of packages or pieces may be loaded to facilitate handling by a lift truck.

FOB Destination – Title of the goods passes at destination, and seller has total responsibility until shipment is delivered. Ownership (title and control) remains with seller until goods are delivered. It is expected that the supplier will make all of the arrangements. This policy recognizes that the supplier may be in a position to handle more economically than the customer or that the customer does not possess the desire or expertise to make such arrangements. The Seller files claims (if any).

If the terms agreed on are “FOB Origin or Destination Freight Prepaid”, the seller pays and bears the freight charges;

If the terms agreed on are “FOB Origin or Destination Freight Prepaid and Charged Back”, the seller pays the freight charges but charges them back to the buyer in the invoice.

If the terms agreed on are “FOB Origin or Destination Freight Collect”, the buyer pays and bears the freight charges.

If the terms agreed on are “FOB Origin or Destination Freight Collect and Allowed”, the buyer pays the freight charges, but the seller bears the charges in the invoice.

Fifth Wheel – The semi-circular steel coupling device mounted on a tractor which engages and locks with a chassis semi-trailer.

LCL – Less than Container Load is a term used in a container shipping when goods do not completely occupy an entire cargo container. When many shippers’ goods occupy a single shipping container, each shipper’s shipment is considered to be LCL.

NVD – No value declared.

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