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Logistics Vocabulary

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Term	Definition
Warehousing	The storing of goods/cargo.
Waybill (WB)	A document prepared by a transportation line at the point of a shipment; shows the point of the origin, destination, route, consignor, consignee, description of shipment and amount charged for the transportation service. It is forwarded with the shipment or sent by mail to the agent at the transfer point or waybill destination.
Weights and Measures	Measurement ton 40 cubic ft or one cubic meter. Net ton, or short ton 2,000 lbs. Gross ton/long ton 2,240 lbs. Metric ton/kilo ton 2,204.6 lbs. Cubic meter 35.314 cubic ft.
Yard	A classification, storage or switching area.
York	Antwerp Rules of 1974 - Established the standard basis for adjusting general average and stated the rules for adjusting claims.

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