Glossary

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ORC stands for Origin Receive Charges. ORC is shoreside handling costs at the origin port, from receipt of the container at the container yard (CY) or container freight station (CFS) to loading aboard the ship.

Related Glossaries

COD Remittance Cycle

The cycle or frequency at which COD remittance is processed is known as the COD remittance cycle. There are two components to COD remittance cycles - Frequency of remittnace and Delay in remittance. Frequency of remittance (measured in days per week) refers to how many times remittance is processed within a week Delay in remittance refers to the number of days post delviery after which the remittance becomes liable to be processed by the courier partner to the seller. For instance if the seller is on a twice a week 7 day deferred cycle, that would mean remittance against a shipment becomes due 7 days post delivery of the shipment and is processed in tranches two time a week.

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Sessions

A website session refers to a series of interactions or activities that a user engages in on a website within a single, continuous period of time.

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Hyperlocal Delivery

The hyperlocal delivery model refers to the meeting on-demand delivery of the customers in a certain defined local area. The demand of the customers is usually met through offline stores or warehouses via a digital platform. Dunzo, Blowhorn, and Shadowfax are a few renowned names is hyperlocal delivery fleets. Hyperlocal delivery is growing at the very fast pace because of the convenience that comes with it to both customers and sellers.

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Surface Shipping

Surface shipping is a logistics service where goods are shipped through land. It is comparitively cheaper but slower than air shipping. It is mostly preffered for large and heavy deliveries.

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