LOGISTICS MANAGEMENT VOCABULARY
Shipper / Consignor
An individual or firm that sends freight. A freight originator.
Consignee
An individual or firm to whom freight is shipped. A freight receiver.
Carrier
A firm that provides transportation services,...
More
LOGISTICS MANAGEMENT VOCABULARY
Shipper / Consignor
An individual or firm that sends freight. A freight originator.
Consignee
An individual or firm to whom freight is shipped. A freight receiver.
Carrier
A firm that provides transportation services, typically owning and operating
transportation equipment.
Examples include: trucking company, railroad, airline, steamship line,
parcel/express company.
Freight Bill-of-Lading (Freight Bill, BL or BoL)
A document providing a binding contract between a shipper and a carrier for the
transportation of freight, specifying the obligations of both parties. Serves as
a receipt of freight by the carrier for the shipper. Usually designates the consignee,
and the FOB point.
FOB (Free-on-Board) Point
Point at which ownership of freight changes hands from shipper to consignee. FOB
origin indicates that consignee owns the goods in transit; FOB-destination
indicates that shipper owns goods in transit. Owner of goods in transit is liable for
loss and dam
Less
