| A | B |
|---|
| Tramp Service | ocean shipping via irregular routes, scheduled only on demand |
| Roll-On-Roll-Off (RORO) | transportation vessels built to accommodate trucks that can drive on in one port and drive off at destinations |
| Lighter Aboard Ship (LASH) Vessel | barge stored on ship and lowered at point of destination to operate on inland waterways |
| Transit Time | period btw departure and arrival of a shipment |
| Predictability | degree of likelihood that a shipment will arrive on time and in good condition |
| Tracking | capability of shipper to determine location of goods at any point during shipment |
| Preferential Policies | govt policies that favor certain firms: use of national carriers for transport of govt freight, even when more economical alternatives exist |
| Straight Bill of Lading | non-negotiable bill of lading usually used in prepaid transactions in which transported goods involved are delivered to specific individual or company |
| Shipper's Order | negotiable bill of lading that can be bought, sold, or traded while subject goods are still in transit and that is used for letter of credit transactions |
| Commercial Invoice | bill for transported goods that describes merchandise and total cost and lists addresses of shipper and seller and delivery and payment terms |
| Incoterms | International Commerce Terms - widely accepted terms used in quoting export prices |
| Ex-Works (EXW) | Price quotes that apply only at point of origin; seller agrees to place goods at disposal of buyer at specified place on specified date or w/in fixed period |
| Free Carrier (FCA) | Applies only at designated inland shipping point. Seller is responsible for loading goods into means of transportation; buyer responsible for all subsequent expenses |
| Free Alongside Ship (FAS) | exporter quotes price for goods alongside vessel at port; seller handles cost of unloading and wharfage; loading, ocean transportation, and insurance are left to buyer |
