Glossary of Logistics Terms




Obtain a Quote
 
We Formulate, Facilitate, Negotiate your International Trade



A AA Always Afloat. A contract term requiring that the vessel not rest on the ground. In some ports the ship is aground when approaching or at berth. 

AAR Abbreviation for: – Against All Risks (insurance clause). – Association of American Railroads. 

Abaft A point beyond the midpoint of a ship’s length, towards the rear or stern. 

Abandon A proceeding wherein a shipper/consignee seeks authority to abandon all or parts of their cargo. 

Abatement A discount allowed for damage or overcharge in the payment of a bill. 

ABI U.S. Customs’ “Automated Broker Interface,” by which brokers file importers’ entries electronically. Aboard Referring to cargo being put, or laden, onto a means of conveyance. 

Absorption One carrier assumes the charges of another without any increase in charges to the shipper. 

Acceptance – A time draft (or bill of exchange) that the drawee (payer) has accepted and is unconditionally obligated to pay at maturity. – Broadly speaking, any agreement to purchase goods under specified terms.