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EDI Transmission: A purposeful group of one or more EDI transactions that happen to be sent to precisely the same site in the exact same transmission, and they are determined by a useful team header and trailer.

Intercorporate hauling: A private provider hauling a subsidiary's products and charging the subsidiary a price; This is certainly legal In the event the subsidiary is wholly owned or Should the private provider has prevalent carrier authority.

Funds Upfront (CIA): A means of payment for merchandise whereby the buyer pays the seller ahead of time of shipment of goods.

Grandfather Clause: A provision that enabled motor carriers engaged in lawful trucking functions prior to the passage on the Motor Provider Act of 1935 to secure widespread provider authority w/o proving general public usefulness and necessity; an identical provision exists for other modes.

Stability of Trade: The surplus or deficit which results from comparing a country's exports and imports of products only.

Innovative Shipment Notice (ASN): An EDI phrase referring to the transaction established (ANSI 856) in which the provider sends out a notification to interested events that a cargo has become outbound in the supply chain.

Consular Bill: A doc, demanded by some foreign international locations, describing a cargo of products and demonstrating information like the consignor, consignee, and worth of the shipment. Certified by a consular Formal of the foreign place, it really is utilized by the place's tailor made.

Containerization: A shipment approach where commodities are put in containers, and following First loading, the commodities, for each se, are certainly not rehandled in cargo until These are unloaded in the location.

Shipping Buy: A document issued through the customs broker on the ocean carrier as authority to release the cargo to the appropriate occasion.

Bundling: An prevalence in which two or more solutions are combined into one transaction for only one selling price.

Standard-Commodities Provider: A standard motor carrier that has operating authority to move normal commodities, or all Check This Out commodities not outlined as special commodities.

Reserving: The act of requesting space and tools aboard a vessel for cargo which happens to be to become transported.

Purchaser: An business that arranges to the acquisition of goods or services and agrees to payment conditions for this kind of goods or solutions.

Economic Price Added (EVA): A measurement of shareholder value as a business's functioning profits right after tax, fewer an proper cost for that money Employed in making the income.