Glossary

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A first-party logistics provider, also known as 1PL, is an entity, either a company or an individual, that requires the transportation of cargo, freight, goods, or products from one location to another. First-party logistics, by definition, involves oly two parties i.e sellers or manufacturer that ships the goods and the retailer or consumer that recieves the goods.

Related Glossaries

COD risk

COD stands for "Cash on Delivery." COD risk refers to the potential challenges and risks associated with accepting cash payments upon delivery. It includes the risk of non-payment or fraudulent orders.

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Consignor

A consignor is an individual or business that entrusts goods, products, or assets to another party, known as the consignee, for the purpose of sale, transport, or other specific arrangements.

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Order Number

An order number serves as an identification or reference number that is assigned to a particular purchase or order. When a customer places an order through an e-commerce platform, the company typically assigns a unique order number to that specific transaction.

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Import Duty

It refers to the tax or charges imposed by the government on goods that are imported from other countries. Import duty depends on multiple factors such as the type and value of goods. Import duty is one of the major sources of revenue for the government and saves local businesses from extreme international competition.

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