Intermodal transportation is a term used for a shipment that will be carried by more than one mode of transportation to reach its destination. This can include ground, air, rail or ocean transportation. 15. Less Than Truckload Less Than Truckload, or LTL, is an amount of freight that is sm...
LTL on the other hand means Less than Truckload and does what it says. This term refers to smaller shipments, not requiring a full-sized container. The term FTL, on the other hand, refers toFull Truckload, meaning a full 20’ or 40’ container is filled and is usually used for inter-...
Pro Forma A Latin term meaning "For the sake of form." Pro Forma Invoice An invoice provided by a supplier prior to the shipment of merchandise, informing the buyer of the kinds and quantities of goods to be sent, their value, and specifications (weight, size, etc.). Pro Rata A Latin...
Container status The status of a container in term of location, custody and cargo status for cargo tracking use. Container type The purpose of a container of which the code is to be adhered to ISO standard. Containerizable cargo Cargo that will fit into a container and result in an economi...
Free on Board is a shipping term for the point in the supply chain when a buyer or seller becomes liable for the goods being transported. Free on Board (FOB) is a shipment term that defines the point in thesupply chainwhen a buyer or seller becomes liable for the goods transported. Purc...
Pro Forma A Latin term meaning "For the sake of form." Pro Forma Invoice An invoice provided by a supplier prior to the shipment of merchandise, informing the buyer of the kinds and quantities of goods to be sent, their value, and specifications (weight, size, etc.). Pro Rata A Latin...
Now, the literal meaning of LCL shipping is Less than a Container Load. It is a shipping term that we use in sea freight as means that the shipment does not entirely belong to one person; rather it has a load of different traders. The term, used for the process of filling a cargo ...
If a sender ships a product to a receiver via a delivery service, the sender is the consignor (also referred to as the "shipper", to keep things less confusing many companies will use the term shipper instead of consignor, including CSA), the recipient is the consignee, and the deliverer...
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changer. Shippers can move only the inventory they actually need to meet demand. Or they can hold freight at origin until they build up enough inventory to fill a 40-foot container. Yet for those that still aren’t moving enough volumes to justify FCL, LCL offers a better lo...