- Insurance contract is essentially a contract between the carrier and the insured forcargo insurance.
- The figure like 1/10/2007 in British English will be understood as January 10,2007.
- In air cargo transport, each consignment is identified by the AWB number.
- Procurement is concerned with purchasing and arranging outbound movement ofmaterials, parts, and/or finished inventory from suppliers to customers.
- Usually, an Air Waybill is non-negotiable, that is, the goods must be sent to theconsignee titled in the Air Waybill.
- E-commerce not only involves exchanges among customers, business partners andvendors, but also includes operations that handled within the business itself.
- From legal point of view, the Notify Party on the B/L is not the party of thecontract of the carriage of goods by sea.
- The objective in inventory strategy is to achieve desired customer service with theminimum inventory commitment.
- General Cargo Rates are normally higher than Specific Commodity Rates in aircargo transportation.
- Multimodal transport refers to a transport system usually operated by a carrierwith one mode oftransport under the control or ownership of one operator.
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