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Glossary

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Weight reconciliation ensures that the shipment weight is consistent, there is no different between trhe weight given by the seller and the weight calculated by the courier partner. This practice eliminates the hassle of weight discrepancy and revenue loss from excessive fees.

Related Glossaries

Credit Period

Credit Period refers to the timeframe extended by suppliers to customers within which customers are required to payback the cupplier for services already rendered

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Handling Charges

Handling charges are the costs that incur between goods moving out from storage and being delivered to the end customers. This is sometimes charged as a separate head from the shipping fees they bill the vendors; other times, it is included.

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ORC

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.

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SDD

A shipping option that guarantees delivery on the same day the order is placed.

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