Dictionary

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Acknowledgement of Receipt

A notification relating to the receipt of e.g. goods, messages and documents.

Act of God

Accidents of a nature beyond human control such as flood, lightning or hurricane usually quoted as 'force majeure'.

Active Inventory

Covers raw material, work in progress, finished products, which will be used or sold within a given period without extra cost or loss. This term does not cover the so-called reserve inventory.

Actual Demand

Customer orders and often also the allocation of items, ingredients and/or raw materials to production or distribution.

Actual Voyage Number

A code for identification purposes of the voyage and vessel which actually transports the container/cargo.

Ad Valorem

In proportion to the value: A phrase applied to certain freight or customs duties levied on goods, property, etc. set as a percentage of their value.

Added Value

The value attributed to products and services as the result of a particular process (e.g. production process, storage, transport).

Advance Arrangement

An agreement between the shipper and the carrier, concerning contacts between those parties prior to tendering the consignment.

Advanced Amount Quantity of cash or cash equivalents expressed in a monetary amount given to a driver to cover expenses during a trip.
Advanced Charge A charge paid by a carrier to an agent or to another carrier, which the delivering carrier then collects from the consignee. Such charges are usually for agents' forwarding fees and incidental expenses paid out of pocket for account of the shipment by an