3PL

Third Party Logistics - a company that provides logistics services to other companies for some or all of their logistics needs. It typically includes warehousing and transportation services. Most 3PL's also have freight forwarding licenses.



Related Terms

THIRD PARTY LOGISTICS

A company that provides logistics services to other companies for some or all of their logistics needs. It typically includes warehousing and transportation services. Most 3PL's also have freight forwarding licenses.

INTERLINE FREIGHT

Freight moving from origin to destination over the Freight lines of two or more transportation carriers.

FREIGHT

Merchandise hauled by transportation lines

CI

Abbreviation for 'Cost and Insurance.' A price that includes the cost of the goods, the marine insurance and all transportation charges except the ocean freight to the named point of destination.

ECMC

The U.S. Exporters Competitive Maritime Council. An association primarily of U.S. engineering, procurement and construction companies and their freight forwarders that was formed jointly by the Maritime Administration in 1997 to seek solutions to transportation problems and enhance the export of U.S. project cargoes.

MEASUREMENT CARGO

Freight on which transportation charges are calculated on the basis of volume measurement.

CUSTODY TRANSFER

All Purchases, Sales and Exchanges involving third parties, or separate affiliated companies. Transfers using third party transportation.Transfers between business functions within an affiliate when there are legal, tax or significant product loss considerations.

CELLULAR VESSEL

ship constructed for transportation of containers stacked on top of each other in vertical guide shafts, no general freight is carried.

GATEWAY

A point at which freight moving from one territory to another is interchanged between transportation lines.

FOB

The cost of a product before transportation costs are figured in.

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