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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

AAR

Abbreviation for Against All Risks (insurance clause).


Abandon

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

Act of God

An act beyond human control, such as lightning, flood or earthquake.

Ad Valorem

A term from Latin meaning, "according to value."

Advice of Shipment

A notice sent to a local or foreign buyer advising that shipment has gone forward and containing details of packing, routing, etc. A copy of the invoice is often enclosed and, if desired, a copy of the bill of lading.

Advising Bank

A bank operating in the seller's country, that handles letters of credit in behalf of a foreign bank. -->>