Useful definitions in the field of freight transport

If you are active in the field of freight transport, whether as a carrier or as a customer, it is good to know a few definitions of the concepts that are often used. Find out the definitions of the basic transport concepts from this Honexpres article!

Useful definitions in the field of freight transport

Here are the concepts most often used in the field of freight transport, and their definitions:

Freight forwarding company = forwarder of goods = forwarding agent (freight forwarder)

This is the company that concludes with a customer a contract for transport and/or ancillary services.

Ancillary services/operations

This covers everything to do with customs brokerage; storage; handling; packing; distribution of the goods; taking out “all risks” Cargo insurance policies on behalf of and at the request of the customer; collecting documents relating to the goods and/or other similar matters.

Customer

This may be the sender (shipper or consignor), the recipient (consignee or receiver) or the owner of the goods (owner). It is any natural or legal person who concludes with the forwarding company a contract for transport and/or services ancillary to it. The customer is the one who takes the decisions concerning the transport.

Sender (shipper or consignor)

The sender is the natural or legal person who hands over the goods to the forwarding company for the transport and/or the services ancillary to it to be carried out.

Recipient (consignee)

The recipient is the natural or legal person entitled to receive the goods from the forwarding company and/or its agent.

Transport operator = haulier (carrier)

This is the natural or legal person, party to a contract of carriage, who carries out the transport of the goods with means of transport that are its own or that it has the right to use.

Goods (goods = freight)

Goods means any movable tangible property, including live animals, as well as/or containers, pallets and/or similar articles of transport and/or packaging, handed over to the forwarding company to be transported.

DST (SDR) – Drepturi Speciale de Tragere (Special Drawing Rights)

DST / SDR is a monetary instrument of the International Monetary Fund, serving as a unit of account and a reserve asset, frequently used as a monetary standard since the role of gold as a unit of reference diminished.

These are the concepts most often used in the field of freight transport.

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Honexpres – freight transport solutions

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