Show:
INDIRECT
LOGISTICS +
HODGEPODGE
ABBREVIATIONS
100
Vending machines installed by suppliers to help manage and reduce consumption of consumables and MRO supplies at the point of use.
What is Industrial Vending?
100
This Inco-term means that the seller makes the goods available at its premises. This term places the maximum obligation on the buyer and the minimum obligation on the seller. The term means that a seller has the goods ready for collection at their premises (wors, factory, warehouse, plant) on the date agreed. The buyer pays all transportation costs and also bears the risk of loss while in transit.
What Exworks?
100
This State, is the only one of the fifty (50) US States which recognizes Napoleonic Law.
What is Louisiana?
100
This U.S. code and its' associated administering agency is most often associated with health and safety rules and regulations on labor / services contracts.
What is OSHA (Occupational, Safety & Health Administration)?
200
The industry term used for critical performance measurements.
What are KPI's (Key Performance Indicators)?
200
This Inco-term means the seller pays for carriage to the named place, except for costs related to import clearence, and assumes all risks prior to the point that the goods are ready for unloading by the buyer.
What is Delivery at the Place (DAP)?
200
The full title of LTL Carriers.
What is Less Than Truck Load?
200
In this commercial concept, one trading partner extends to a second the same low prices that it offers to some third party.
What is MFN (Most Favored Nations)?
300
The largest social network for professionals which is now providing a way for companies to connect with suppliers.
What is LinkedIn?
300
This Inco-term means the seller is responsible for delivering the goods to the named place in the country of the buyer, and pays all costs in bringing the goods to the destination including import duties and taxes. The term places the maximum obligations on the seller and minimum obligations on the buyer.
What is Delivery Duty Paid (DDP)?
300
All written agreements must contain this component, applicable to each party, in order for the contract to be considered legally binding in a court of law.
What is "Consideration"?
300
A measurement tool compiled by the U.S. Bureau of Labor Statistics reflecting the average change in prices charged by producers during a given time period, compared to those charged in a base year.
What is the PPI (Producer Price Index)?
400
The industry term used for Maintenance, Repair and Operations.
What is MRO?
400
This Inco-term means the seller pays for carriage. Risk transfers to buyer upon handing goods over to the first carrier.
What is Carriage Paid To (CPT)?
400
The three components of a materials warranty claim.
What are defects in; a) Design b) Materials c) Workmanship ?
400
This term was introduced in the Incoterm 2010 revision, replacing the following three olders terms: DAF, DES and DDU?
What is DAP (Delivered in Place)?
500
A tracking tool to measure supplier performance and aid in ongoing improvements.
What is a Supplier Scorecard?
500
This Inco-term means the seller pays for carriage to the terminal, except for costs related to import clearance, and assumes all risks up to the point that the goods are unloaded at the terminal.
What is Delivery at Terminal (DAT)?
500
This capitalized clause, acknowledging the ability of the contracting parties to waive or adjust their legal rights under law covering intended use and fitness for purpose.
What is a BOLD FACED DISCLAIMER?
500
At completion of this form of contracting for goods or services, the Seller is often acknowledged as having perfect estimation skills in their preparation of the initial pricing offer.
What is GMP (Guaranteed Maximum Price)?