Commonly Used Terms
Bill Of Lading
Bill of Lading (BOL or B/L) is a document issued by a carrier (shipping line), or its agent, to the shipper as an acknowledgment of receipt of the cargo or the shipment.
Functions of Bill of Lading
The B/L serves multiple functions:
- It is a document of title
- A contract of carriage of goods
- An acknowledgement from the carrier that it has received and accepted the goods for transportation.
The B/L has to be presented by the consignee to obtain delivery of the cargo at the port of destination.
Contents of Bill of Lading
The B/L contains the following information:
- Name and address of Shipper
- Name and address of Consignee
- Name and address of Notify party
- Name of Port of Loading
- Name of Port of Destination
- Name and details of designated vessel
- Type of movement (port to port, door to port, door to door)
- Type of container load (FCL/LCL)
- Date of Vessel departure from Port of Loading
- Itemized list of goods, including number of packages, type of packaging, weight/volume, marks and numbers on the packages, and nature of cargo
- Freight rate and amount (if requested)
A
Average Payment Period (for materials)
Average Inventory
Average Cost per Unit
Accounts Payable
Available to Sell (ATS)
Available to Promise (ATP)
Available Inventory
Automatic Rescheduling
Automatic Relief
Automated Storage-Retrieval System (AS-RS)
Automated Manifest System (AMS)
Automated Guiding Vehicle System (AGVS)
Automated Commercial Environment (ACE)
Automated Clearing House (ACH)
Automated Call Distribution
Automated Broker Interface (ABI)
Auditing
Audit Trail
Audit Ability
Audit
Attributes
Attachment
Assumed Receipt
Association of American Railroads
Assignment
Assemble-to-order
Arrival Notice
Approved Vendor List (AVL)
Appraisal Costs
Any Quantity Rate (AQ)
Anticipation Inventories
Anticipated Delay Report
Anti-Dumping Duty
ANSI Standard
Amtrak
American Waterways Operators
American Trucking Association (ATA)
American Standard Code for Information Interchange
American Society of Transportation & Logistics
American Society for Training and Development (ASTD)
American Society for Testing and Materials (ASTM)
American Society for Quality (ASQ)
American National Standards Institute (ANSI)
American Customer Satisfaction Index (ACSI)
Alternate Routing
Alpha Release
Allocation
Allocated Item
All Risks
All Cargo Carrier
Alaskan Carrier
Airport and Airway Trust Fund
Airline Terminal Fee (ATF)
Air Waybill
Air Transport Association of America
Air Taxi
Air Cargo Containers
Air Cargo
Agility
Agile Manufacturing
Aggregate Tender Rate
Aggregate Planning
Aggregate Plan
Aggregate Inventory Management
Aggregate Inventory
Aggregate Forecast
Agglomeration
Agent
Agency Tariff
After Sale Service
Advanced Shipping Notice
Advanced Planning and Scheduling (APS)
Advance Material Request
Adaptive Smoothing
Adaptive Control
Actual to Theoretical Cycle Time
Actual Demand
Actual Cost System
Actual Cost
Activity Ratio
Activity Network Diagram
Activity Level
Activity Driver
Activity Dictionary
Activity Based Planning (ABP)
Activity Based Management (ABM)
Activity Based Costing System
Activity Based Costing Model
Activity Based Costing (ABC)
Activity Based Budgeting (ABB)
Activity Analysis
Activity
Active Inventory
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