Glossary of logistcs terms

Since all the terms are used in international business, the glossary is available in English language only.

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Full Truck Load
Abbreviation: FTL. Indication for a truck transporting cargo directly from supplier to receiver. Less than Truck Load
Full Value Declared
Abbreviation: FVD. Notation on an Air Waybill which indicates that a specific value has been declared to the carrier for carriage of the merchandise.  
Fully Cellular Containership
Abbreviation: FCC. Vessel specially designed to carry containers, with cell-guides under deck and necessary fittings and equipment on deck.  
Full Value Declared
General Average
Group of workmen acting together especially for loading and/or discharging operations of a vessel in combination with the necessary technical equipment.  
Bridge laid from an opening in the railing or side of a vessel to the shore or to a platform with the purpose of giving access to and from the vessel.  
Gantry Crane
Crane or hoisting machine mounted on a frame or structure spanning an intervening space, which often travels on rails. Used for container movements. Portal Crane
General Agreement on Tariffs and TradeMost Favored Nation Status
General Cargo RateGeneral Commodity Rate
Motor generator set as power source for e.g. thermal containers.  
General Agreement on Tariffs and Trade
Abbreviation: GATT. GATT is a binding contract among (in early 1992) 103 governments. GATT was established in 1947 as an interim measure pending the establishment of the International Trade Organization, under the Havana Charter. Operating in the absence of an explicit international organization, GATT has provided the legal framework for international trade with its primary mission being the reduction of trade barriers. Most Favored Nation Status
General Average
Abbreviation: G/A. Intentional act or sacrifice which is carried out to safeguard vessel and cargo. There is a general average act, when, and only when, any extraordinary sacrifice or expenditure is intentionally and reasonably made or incurred for the common safety for the purpose of preserving from peril the property involved in a common maritime adventure. Loss or damage sustained by the ship or cargo through delay, whether on the voyage or subsequently, such as demurrage, and any indirect loss whatsoever, such as loss of market, shall not be admitted as general average. Average AdjustersContributory ValueGeneral Average Act (York-Antwerp Rules)General Average SecurityGeneral Average StatementParticular AverageSacrificeValuation ClauseYork / Antwerp Rules
General Average Act (York-Antwerp Rules)
There is a general average act when, and only when any extraordinary sacrifice or expenditure is intentionally and reasonably made or incurred for the common safety for the purpose of preserving from peril the property involved in a common maritime adventure.  
General Average Bond
Document required of cargo owners, after a G/A loss, obtaining their agreement to pay any contribution that may become due.  
General Average Contribution
Such losses or expenditures are contributed to by all the interests at risk on the basis of their respective values.  
General Average Security
Documents the cargo owner presents to the General Average Adjuster to replace the vessel owner's maritime lien on cargo for its share of General Average and to obtain release of the goods by the Steamship Company. G/A Security consists of a G/A Bond and either a cash deposit or an underwriter's guarantee.  
General Average Statement
This shows in detail all general average costs and expenses and the contribution of each interest in the general average in proportion to its value.  
General Cargo
Cargo, consisting of goods, unpacked or packed, for example in cartons, crates, bags or bales, often palletized. Break Bulk Cargo
General Cargo Rate
Abbreviation: GCR. Rate for the carriage of cargo other than a class rate or specific commodity rate (air cargo). General Commodity Rate
General Commodity Rate
General Cargo Rate
General Export License
General license covering goods for which validated export licenses are not required. No formal application or written authorization is needed to ship exports under a general export license.  
General Purpose Container
Container used for the carriage of general cargo without any special requirements for the transport and/or the conditioning of the goods.  
Germanischer Lloyd
German classification society. Classification Society
Ground Handling Agent. Official agent at the airport responsible for moving freight between the terminal and aircraft.  

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