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GLOSSARY

A glossary of widely used words in the logistics industry. Delve into the
background and meaning of these terms.

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Blue economy
The sustainable use of ocean resources for economic growth, job creation and improvement of the ocean ecosystem
Bonded warehouse
A secure facility where goods are stored until customs duties are paid
Book and claim
A process where airlines and logistics providers claim the environmental benefits associated with sustainable aviation fuel (SAF) even if they do not use SAF.
Weighing 140 tons a piece, each of the four cylindrical boilers is roughly equivalent to the weight of two dozen fully-grown African elephants.
Breakbulk cargo
Oversized goods that do not fit into standard containers and must be loaded individually
Bunker Adjustment Factor
An additional charge levied on shippers to reflect the fluctuations in the cost of fuel