Logistics

Logistic vocabulary

9 cards·by camilomora

Shipper/consignor

An individual or firm that sends freight. A freight originator

Consignee

An individual or firm to whom freight is shipped. A freight receiver

Carrier

A firm that provides transportation services, typically owning and operating transportation equipment. Examples include: trucking company, r

Freight bill-of-lading (freight bill)

A document providing a binding contract between a shipper and a carrier for the transportation of freight, specifying the obligations of bot

FOB (free-on-board) point

Point at which ownership of freight changes hands from shipper to consignee. FOB- origin indicates that consignee owns the goods in transit;

Freight FOB terms-of-sale

Indicates (1) Who arranges for transport and carrier, (2) Who pays for transport, (3) Where/when does title (ownership) of goods transfer fr

FOB-origin, freight collect:

consignee pays freight charges and owns goods in transit.

FOB-destination, freight prepaid:

shipper pays freight charges and owns goods in transit.

FOB-destination, freight prepaid and charged back:

shipper owns goods in transit, pays for freight but bills consignee for the charges.