Logistics Terminology

Select a letter from the alphabet below to view a breakdown of the logistics terminology you may encounter when dealing with Woodland.

A - B - C - D - E - F - G - H - I - K - L - M - N - O - P - R - S - T - U - W - Z

Import License

A document required and issued by some national governments authorizing the importation of goods.

In Bond

Cargo moving under Customs control where duty has not yet been paid.

Indemnity Bond

An agreement to hold a carrier harmless with regard to a liability.

Inherent Vice

An insurance term referring to any defect or other characteristic of a product that could result in damage to the product without external cause (for example, instability in a chemical that could cause it to explode spontaneously). Insurance policies may exclude inherent vice losses.

Inspection Certificate

A certificate issued by an independent agent or firm attesting to the quality and/or quantity of the merchandise being shipped. Such a certificate is usually required in a letter of credit for commodity shipments. -->>