<img height="1" width="1" style="display:none" src="https://q.quora.com/_/ad/82ed6404189c414a93882b589f1b2964/pixel?tag=ViewContent&amp;noscript=1">
logo-primary.svg
Click. Click. Ship.
import101, Uncategorized

Decoding Logistics Jargons

image

Browsing through some interesting online discussions about logistics, we realize it could be difficult for many people who want to follow these conversations without knowing what the acronyms or abbreviations mean. Here is the list of some popular logistics jargons. Quiz yourself and see how many you know.

  • MOQ: minimum Order Quantity
  • L/C: Letter of Credit
  • OEM: Original Equipment Manufacturer: a company that manufacturers a part or subsystem that can be used in other companies’ end products.
  • ODM: Original Design Manufacturer: a company that designs and manufacturers a product as specified and later the product will be rebranded by another firm for sale.
  • TT: Telegraphic Transfer
  • FCL: Full Container Load
  • LCL: Less Container Load
  • FTL: Full Truckload
  • LTL: Less than a full Truckload
  • BOL: Bill of Lading
  • TEU: Twenty-foot Equivalent Unit
  • FEU: Forty-foot Equivalent Unit
  • 3PL: Third-Party Logistics
  • FOB: Free on Board (and other 12 incoterms are explained here)
  • NVOCC: Non-Vessel Operating Common Carrier: a shipment consolidator or freight forwarder who does not own any vessel but functions as a carrier by issuing its own BOL and assuming responsibility for the shipments.
  • POE: Point of Entry (sometimes Port of Entry)
  • POD: Point of Delivery
  • HTS: Harmonized Tariff Schedule
  • CBP: US Customs and Border Protection

Do you have more to add? Feel free to leave a comment or write to us to request for more.

Subscribe to our blog