All Risk is referred to as (transportation) insurance that covers all possible perils and risks with its coverage, safeguarding them if they are not excluded in writing in the policy. Brief description This form of insurance provides the broadest protection and appears most often with high-value goods and urgent shipments. All Risk insurance can be covered by the [...]
A letter of credit (letter of credit, L/C) is a commonly used instrument in foreign trade to secure payment for the delivery of goods and is valid as an obligation between the two parties. Brief description A letter of credit is opened by the importer with his lending institution. The importer pays a certain amount to his bank, and then tells the financial institution what documents the exporter must submit so that they can transfer [...]
Airwaybill (AWB, air waybill) is a document that describes the conclusion and content of a contract of carriage in air transportation.
An Airport of Entry (AOE) is defined as an international airport where all immigration and customs formalities for arriving passengers and goods can be completed. By being able to perform the necessary procedures for the importation of people and goods, AOEs function as the primary points of contact for international flights within a country.
The term aggregation refers to the gathering of a larger number of smaller sets due to similar characteristics in order to find their relationship and take advantage of the dependencies that exist between them. Brief description In the logistics environment, aggregation describes - as opposed to disaggregation - a summary of demand that does not distinguish between the different characteristics of individual materials or products. Thus, within [...]
ADR stands for "accord européen relatif au transport international des merchandises dangereuses par route" and describes the European provision for the transportation of dangerous goods by road. Brief description Thanks to the provisions of the ADR, a set of regulations has been created for the transport of dangerous goods by road with a European scope. The ADR designates, for example, which goods are designated as dangerous goods in principle, which provisions [...]
