Landbridge
The movement of cargo (usually in containers) from one foreign country by vessel, transiting another country by rail or truck, and then being loaded aboard another vessel for delivery to the destination country. The movement across the country from port to port is the "landbridge" portion of the transportation. Also referred to as “Mini-Landbridge”.
Landed Cost
The final cost to the purchaser of product bought on a Direct Import program. This cost includes: the initial cost of the productr paid to the manufacturer (First Cost), foreign cosolidator/freight forwarder cost, ocean freight cost, duty (where applicable) and any internal costs the buyer may assess against the product being brought into the U.S.
Letter Of Credit
A commitment, usually by a bank on behalf of a client, to pay a beneficiary a stated amount of money under specified conditions.
Licensing Agreement
The issuance of a license to a third party by the holder of the patents, trademarks, or other technology, which allows the third party to manufacture and market product using said patents, trademarks or other technology to retailers or the mass market.
Manifest
1. A document listing and describing the cargo contents of a carrier, container or warehouse.
2. Evident to the senses, especially to the sight, obvious to the understanding, evident to the mind, open, clear, visible, unmistakable, indubitable, indisputable, self-evident.
Marks
Identification placed on the outer surface of shipping containers or packages. At one time it consisted of pictures, letters and numbers. With the advent of computers, pictures are no longer used. Instructions on the packages for their proper handling, such as "This side up" may also be considered part of the marks. Also the item number, description, weight and measurements of the packages.
Mate's Receipt
A declaration issued by an officer of a vessel stating that certain goods have been received on board his vessel.
Minibridge
An intermodal movement of cargo involving a vessel leg from one country to a port in another country, and then a movement via truck or rail to another port in that country, and there the voyage is terminated. The traversing of the land in the second country from discharge port to destination port is the "minibridge" portion of the movement. There could be a similar but opposite combined "minibridge" movement in the other direction. Also referred to as a “Mini-Land Bridge”.
Negotiable Bill of Lading
A bill of lading transferable by endorsement by virtue of its terms which make the goods which it covers deliverable to "bearer", or to the order of a named party, or to the assigns.
Ocean Bill of Lading
A receipt for the cargo and a contract for transportation issued by an ocean carrier. When issued in negotiable form, it is also an instrument of title.
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