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 concept of aggregation means collecting a larger quantity of smaller sets due to similar characteristics in order to find their connection and utilize the dependencies between them. Short description In a logistics environment, aggregation, as opposed to disaggregation, describes the summarization of demand, where different properties of individual materials or products are not distinguished. In this way, during the process [...]
The acronym ADR stands for „Accord européen relatif au transport international des marchandises dangereuses par route” and describes the European agreement concerning the international carriage of dangerous goods by road. Brief description: Through the ADR provisions, a set of regulations has been created for the road transport of dangerous goods on a European scale. ADR specifies, for example, which goods are generally classified as dangerous goods, what rules [...]