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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Subject to Approval.  
Subject to Approval, No Risk; i.e., temporary cover; no risk attached until insurance is confirmed.  
Shipper's Load and Count
Said to Contain
Sight Draft (Bill of Exchange)
Deliberate casting away or destruction of property to prevent greater loss.  
Single Administrative Document
Safe Working Load
Abbreviation: SWL. Maximum load any lifting appliance may handle.  
Safety Stock
1. A quantity of stock planned to be in inventory to protect against fluctuations in demand and/or supply. 2. In the context of master production scheduling, safety stock can refer to additional inventory and/or capacity planned as protection against forecast errors and/or short term changes in the backlog. Also referred to as "over-planning" or a "market hedge". Reserve InventoryCycle Stock
Said to Contain
Abbreviation: S.T.C. Term in a Bill of Lading signifying that the master and the carrier are unaware of the nature or quantity of the contents of e.g. a carton, crate, container or bundle and are relying on the description furnished by the shipper.  
Saving or rescue of a vessel and/or the cargo from loss and/or damage at sea.  
Salvage Charges
Payable to salvors for saving life and property at sea.  
Sanitary and Health Certificate
Statement signed by a health organization official certifying the degree of purity, cleanliness or spoilage of goods, and the health of live animals.  
Scale Ton
Freighting measurement used in certain trades for various commodities.  
Timetable including arrival/departure times.  
Special Commodity Rate
Special Drawing Rights
Sea Waybill
Non negotiable document, which can only be made out to a named consignee. No surrender of the document by the consignee is required. Bill of Lading
Device used for containers, lockers, trucks, etc. to ensure that they have remained closed during transport.  
Seal Log
Document used to record seal numbers.  
Seasonal Inventory
Inventory built up in anticipation of a seasonal peak of demand in order to smooth production.  
There is an implied warranty in every voyage policy that the ship must be seaworthy at the commencement of the insured voyage or, if the voyage is carried out in stages, at the commencement of each stage of the voyage. To be seaworthy, the ship must be reasonably fit in all respects to encounter the ordinary perils of the contemplated voyage. It must be properly crewed, fueled and provisioned, with all equipment in proper working order. Cargo policies waive breach of the warranty except where the insured or their employees are privy to the unseaworthiness. Breach of the warranty is not excused in a hull voyage policy, literal compliance therewith being required. Although there is no warranty of seaworthiness in a hull time policy, claims arising from unseaworthiness may be prejudiced if the ship sails in an unseaworthy condition with the knowledge of the insured.  
Sectional Rate
Rate established by scheduled air carrier(s) for a section of a through route (air cargo).  
Shipper's Export Declaration
Distance between the various commodities of dangerous and/or bulk cargoes required by the rules of IMDG or BC codes.  

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