Accessorial charges (also called assessorial charges) are charges made for performing freight services beyond normal pickup and delivery such as inside delivery, waiting time, fuel surcharges and storage charges etc…
A bill of lading is a document issued by a carrier (trucking company) which serves as a receipt for the goods to be delivered to a designated person or to his order. The bill of lading describes the conditions under which the carrier accepts the goods and details that nature and quantity of the goods, identifying marks and numbers, destination, etc. The person sending the goods is the “shipper” or “consignor,” the company transporting the goods is the “carrier”, and the person for whom the goods are destined is the “consignee”. Bills of lading may be negotiable or non-negotiable. If negotiable (i.e., payable to the shipper’s order and properly endorsed) title to the goods passes upon delivery of the bill of lading.
Free generic bill of lading templates are available on our website.
Unpacked dry or liquid cargo such as grain, iron ore, coal, fuel, chemical and oils. Any commodity shipped in this way is said to be in bulk.
A warehouse in which goods subject to excise taxes or customs duties are temporarily stored without the taxes or duties being assessed. A bond or security is given for the payment of all taxes and duties that may eventually become due.
Collect on delivery. The driver collects for the value of the goods on behalf of the shipper and/or the freight charges due the carrier. The COD amount must be collected before the freight can be released to the consignee.
Cross-Docking operations in a warehouse involve moving goods between different trucks to consolidate loads without intermediate storage.
Title of the goods passes at destination, and seller has total responsibility until shipment is delivered. Ownership (title and control) remains with seller until goods are delivered. It is expected that the supplier will make all of the transportation arrangements. This policy recognizes that the supplier may be in a position to handle transportation more economically than the customer or that the customer does not posses the desire or expertise to make such arrangements. The Seller files claims (if any).
• If the terms agreed on are FOB Origin or Destination Freight Prepaid – The seller pays and bears the freight charges
• If the terms agreed on are FOB Origin or Destination Freight Prepaid and Charged Back – The seller pays the freight charges but charges them back to the buyer in the invoice.
• If the terms agreed on are FOB Origin or Destination Freight Collect – The buyer pays and bears the freight charges.
• If the terms agreed on are FOB Origin or Destination Freight Collect and Allowed – The buyer pays the freight charges, but the seller bears the charges in the invoice.
Title passes at origin, and buyer has total responsibility over the goods while in shipment. Customer takes ownership (title and control) of the goods at the origin (when the carrier signs for goods) and is responsible for transportation of the goods beyond this point. The customer files claims (if any).
LTL (Less Than a Truckload) is a quantity of freight less than that required for the application of a truckload rate. The historical definition for LTL shipping is freight under 10,000 pounds.
The historical definition of a truckload is a shipment of 10,000 pounds or more.
A waybill is a description of goods with a carrier freight shipment.