Glossary

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Common carrier accepts liability and is not protected by normal exemptions found in bill of lading or common law liability.
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A standardized notice sent to vendors advising that a shipment has been accepted or rejected and will be kept, rejected, or otherwise disposed. It contains pertinent in¬formation about the shipment and, if rejected, the nature of the rejection.
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The termination of a common-carrier contract when a consignee acknowledges receipt of a shipment. Acceptance can also signify a promise to pay if specified in the contract.
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Charges for supplemental services and privileges that are not included in normal freight or warehousing rates. Accessorial charges are usually flat fees for packing, pickup, delivery, in-transit privileges, demurrage, switching, marking, weighing, preparing bills,...
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A list of accounts authorized to draw directly from stock in the warehouse. The list is generally furnished by the owner of the goods or a designated agent.
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The percentage of items located during an audit or sampling program that match the book inventory. The opposite measurement is the error rate. The accuracy rate can also be viewed as 100% minus the error rate.
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A communication from a vendor to advise the purchaser that a purchase order has been received and the order has been accepted.
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When a bill of lading is accepted or signed by a shipper or his agent without protest, he is said to acquiesce to the terms, giving silent consent.
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An unavoidable occurrence or accident produced by a physical cause such as floods, earthquakes, most fires, and other natural disasters.
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The inventory from which goods are being picked, as distinct from reserve inventory.