• ALONGSIDE
  • A phrase referring to the side of a ship. Goods to be delivered "alongside" are to be placed on the dock or barge within reach of the transport ship’s tackle so that they can be loaded aboard the ship.

  • LCL(Less-than-carload; also, Less-than-containerload)
  • A shipment that occupies less space than is available in a railcar or cargo-carrying container.
  • JUST-IN-TIME INVENTORY SYSTEM
  • An inventory system that keeps production inventory to an absolute minimum.
  • IRREVOCABLE LETTER OF CREDIT
  • A letter of credit in which the specified payment is guaranteed by the bank if all terms and conditions are met by the drawee.
  • INTERMODAL TRANSPORTATION
  • A shipment utilizing more than one mode of transport, i.e., a shipment moving in container by water and then by rail.