Logistics Terminology
Select a letter from the alphabet below to view a breakdown of the logistics terminology you may encounter when dealing with Woodland.
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Discrepancy Letter of Credit
When documents presented do not conform to the requirements of the letter of credit (L/C), it is referred to as a "discrepancy." Banks will not process L/C's which have discrepancies. They will refer the situation back to the buyer and/or seller and await further instructions.
Dock Receipt
A form used to acknowledge receipt of cargo and often serves as basis for preparation of the ocean bill of lading.
Documents Against Acceptance (D/A)
Instructions given by a shipper to a bank indicating that documents transferring title to goods should be delivered to the buyer only upon the buyer's acceptance of the attached draft.
Documents Against Payment (D/P)
An indication on a draft that the documents attached are to be released to the drawee only on payment.
Door-to-Door
Through transportation of a container and its contents from consignor to consignee. Also known as House to House. Not necessarily a through rate.
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