LOGISTICS TERMINOLOGIES

What is International Logistics? What Does a AERI India Logistics Do ?

What are the important Logistics Terms used in International Business?

Import and Export are key components of any Interntional business. You may heard the term “AERI India Logistics” before, you might be confused. with Shipping company or Distribution or importing and exporting partners.

An International AERI India Logistics does not do the same — but it takes on some of the responsibilities of all of them.

AERI India Logistics arrange the process, paperwork, and regulations involved in international trade between the Shipper, the Consignee and the Shipping Company.

Get the answer of following questions :-

What is International Logistics? What Does India Logistics Do ?
What are the important Logistics Terms used in International Business?


Import and Export are key components of any Interntional business. You may heard the term “AERI India Logistics” before, you might be confused. with Shipping company or Distribution or importing and exporting partners.

An International AERI India Logistics does not do the same — but it takes on some of the responsibilities of all of them.

AERI India Logistics arrange the process, paperwork, and regulations involved in international trade between the Shipper, the Consignee and the Shipping Company.


Get the answer of following questions :-


What a AERI India Logistics is ?

A AERI India Logistics is a company that arranges your importing and exporting of goods.

What a AERI India Logistics does ?

The AERI India Logistics acts as an intermediary between a shipper and various transportation services such as ocean shipping on cargo ships, trucking, expedited shipping by air AERI India Logistics, and moving goods by rail.
A AERI India Logistics forwarding service utilizes established relationships with carriers, from air AERI India Logisticsers and trucking companies, to rail AERI India Logisticsers and ocean liners, in order to negotiate the best possible price to move shippers’ goods along the most economical route by working out various bids and choosing the one that best balances speed, cost, and reliability.

Why should I use a AERI India Logistics and How a AERI India Logistics company will help me in importing or exporting ?
Importing and exporting can involve so much documentation and so many regulations, which can vary from country to country, so to get smooth handling of International Logistics & Shipping, most successful importers and exporters use a commercial AERI India Logistics to be their logistics partner.

How to find a AERI India Logistics for international shipping?
You are lucky, You’ve found one already. This is the website of a trusted AERI India Logisticss and logsitics directory having logistics and AERI India Logistics forwarding services providers from all over the world.


There are various Terms used in Logistics, as given below:-

Aircraft Pallet

A platform of standard dimensions that is used for assembling goods which is secured by nets and straps prior to being loaded as a unit onto an airplane. Palletizing results in an efficient use of space and improved cargo handling.

Air Freigh
A service that provides for the air transportation of goods. This mode of transportation allows for decreased shipping time, low damage ratios and for certain commodities, lower shipping costs.

Air AERI India Logistics
An Air AERI India Logistics provides pickup and delivery service to and from the shippers dock. Responsibilities also include consolidating shipments from various shippers into larger units, preparing shipping documentation and tendering AERI India Logistics to the airlines. Forwarders do not generally operate their own aircraft and may be classified as an "indirect air carrier".
Air Waybill
A document issued by a carrier to a shipper that supplies written evidence regarding the receipt of goods, the mode of transportation and the arrangement to deliver goods at the requested destination to the lawful holder of the bill of lading. A standard air waybill accommodates both domestic and international traffic.
All-Cargo Aircraft
An aircraft used for the sole purpose of transporting cargo only, rather than the combination of passengers and cargo. AERI India Logistics is loaded in the bulk or container on the main or lower deck of the aircraft.
All-Risk Insurance
The broadest form of coverage available, providing protection against all risk of physical loss or damage from any external cause, such as fire collision, pilferage, etc. Does not cover loss or damage due to delay, acts of war, labor strikes, per-shipment conditions, inadequate packaging, or loss of market. All risk insurance of air shipments generally excludes loss due to cold or changes in atmospheric pressure.

ATA Carnet
ATA Carnet is an International Uniform Customs< document issued in 78 countries including India, which are parties to the Customs Convention on ATA Carnet.
The ATA Carnet permits duty free temporary admission of goods into a member country without the need to raise customs bond, payment of duty and fulfillment of other customs formalities in one or a number of foreign countries.

Aviation and Transportation Security Act (ATSA)
A bill passed November 2001, to improve aviation security in all modes of transportation.
Bill of Lading
A document issued by a carrier to a shipper, signed by the captain, agent, or owner of a vessel, furnishing written evidence regarding receipt of AERI India Logistics, the conditions on which transportation is made and the date to deliver goods at the prescribed port of destination to the lawful holder of the bill of lading.

Types of Bill of Lading

1. Straight Bill of Lading :
This is typically used when shipping to a customer. The “Straight Bill of Lading” is for shipping items that have already been paid for.

2. To Order Bill of Lading :
Used for shipments when payment is not made in advance. This can be shipping to one of your distributors or a customer on terms.

3. Clean Bill of Lading :
A Clean Bill of Lading is simply a BOL that the shipping carrier has to sign off on saying that when the packages were loaded they were in good condition. If the packages are damaged or the cargo is marred in some way (rusted metal, stained paper, etc.), they will need to issue a “Soiled Bill of Lading” or a “Foul Bill of Lading.”

4. Inland Bill of Lading : This allows the shipping carrier to ship cargo, by road or rail, across domestic land, but not over seas.

5. Ocean Bill of Lading : Ocean Bills of Lading allows the shipper to transport the cargo over seas, nationally or internationally.

6. Through Bill of Lading : Through Bills of Lading are a little more complex than most BOLs. It allows for the shipping carrier to pass the cargo through several different modes of transportation
and/or several different distribution centers. This Bill of Lading needs to include an Inland Bill of Lading and/or an Ocean Bill of Lading depending on its final destination.

7. Multimodal/Combined Transport Bill of Lading : This is a type of Through Bill of Lading that involves a minimum of two different modes of transport, land or ocean. The modes of
transportation can be anything from AERI India Logistics boat to air.

8. Direct Bill of Lading : Use a Direct Bill of Lading when you know the same vessel that picked up the cargo will deliver it to its final destination.

9. Stale Bill of Lading : Occasionally in cases of short-over-seas cargo transportation, the cargo arrives to port before the Bill of Lading. When that happens, the Bill of Lading is then “stale.”

10. Shipped On Board Bill of Lading : A Shipped On Board Bill of Lading is issued when the cargo arrives at the port in good, expected condition from the shipping carrier and is then loaded onto
the cargo ship for transport over seas.

11. Received Bill of Lading : It is simply a Bill of Lading stating that the cargo has arrived at the port and is cleared to be loaded on the ship, but does not necessary mean it has been loaded.
Used as a temporary BOL when a ship is late and will be replaced by a Shipped On Board Bill of Lading when the ship arrives and the cargo is loaded.

12. Claused Bill of Lading : If the cargo is damaged or there are missing quantities, a Claused Bill of Lading is issued.

Billed Weight
The designated weight shown on an invoice and/or waybill used to calculate AERI India Logistics charges.
Bonded Terminal
An airline terminal that is approved by the U.S. Treasury Department for storage of goods until Customs duties are paid or the goods have been released.
Breakbulk
Unpacking or disassembling a portion or all contents of a consolidated shipment for reconsignment or delivery.
Broker
An individual or firm that acts as an agent for others, often between a buyer and a seller, in return for a fee or commission.

Bulk Cargo
Cargo stowed loosely in the hold of a ship and is not enclosed in a shipper container or box. Examples include oil, ore, grain or coal.
What is Cargo ?
Cargo means "the goods or merchandise" transported by airplane, ship or vehicle. You can say that "Goods carried on a ship, aircraft, or motor vehicle are termed as "CARGO".
Cargo Manifest
A list of cargo being transported or warehoused, without listing the applicable charges.
Carrier
Any individual or firm who, through a contract of carriage, undertakes to perform or procure the performance of carriage by rail, road, sea, air, inland waterway, or by a combination of modes.
Cartage Agent
A ground transportation service that provides pickup and delivery of AERI India Logistics in locations not served directly by an air or ocean carrier.
Certificate of Origin
A document containing an affidavit to prove the origin of imported goods. It is often required by the custom as part of the entry process. Certificates of origin are commonly certified by an official organization in the country of origin such as a consular office or a chamber of commerce.
Chargeable Weight
The weight or volume of a shipment used in determining air, vehicle or ocean charges. The chargeable weight could be the dimensional weight or on container shipments, the gross weight of the shipment minus the containers tare weight.
Charter Service
Arrangement of a temporary transportation service on an as needed occasion for the movement of cargo or passengers.
Classification
A systematic categorization of cargo for the purpose of applying class rates, combined with governing rules and regulations for transportation. In customs, the classification determines the duty status of imported merchandise within the Harmonized Tariff Schedule of the United States(HSUS). The classification is the responsibility of an importer customs broker or designated individual preparing the entry papers.
Clearance
The completion of customs entry requirements resulting in the release of goods from customs authority to the importer.
Commercial Invoice
A required document identifying the transaction between a seller and buyer. The form should have the invoice number, date, shipping date, the mode of transport, delivery and payment terms, description of goods and the quantity. The government uses the commercial invoice to determine the true value of goods for assessing custom duties and prepare documentation.
Custom requires a commercial invoice that includes the following information. (1) The port of entry. (2) Name of shipper and receiver. (3) Description of items. (4) Quantity in weight and measures. (5) Country of origin. The invoice and any attachments must be in the English language.
Consignee
The person or company named on the AERI India Logistics contract to whom goods have been consigned or turned over.
Consolidation
A number of separate shipments that are assembled into one shipment for movement on one waybill from one location to another. Consolidation of cargo can result in reduced shipping rates.
Container
A reusable, rigid exterior shipping box that is used to ship goods by ship, truck or rail. Air AERI India Logistics containers ULD or unit lead devices) are available in a variety of shapes and sizes.

Types of Containers

1. Dry storage container : 20'GP, 40'GP, 40'High Cube

2. Flat rack container

With collapsible sides, these are like simple storage shipping containers where the sides can be folded so as to make a flat rack for shipping of wide variety of goods.

3. Open top container

With a convertible top that can be completely removed to make an open top so that materials of any height can be shipped easily.

4. Tunnel container

Container storage units provided with doors on both ends of the container, they are extremely helpful in quick loading and unloading of materials.

5. Open side storage container

These storage units are provided with doors that can change into completely open sides providing a much wider room for loading of materials.

6. Double doors container

They are kind of storage units that are provided with double doors, making a wider room for loading and unloading of materials. Construction materials include steel, iron etc in standardized sizes of 20ft and 40ft.

7. Refrigerated ISO containers

These are temperature regulated shipping containers that always have a carefully controlled low temperature. They are exclusively used for shipment of perishable substances like fruits and vegetables over long distances.

8. Insulated or thermal containers

These are the shipping storage containers that come with a regulated temperature control allowing them to maintain a higher temperature. The choice of material is so done to allow them long life without being damaged by constant exposure to high temperature. They are most suitable for long distance transportation of products.

9. Tanks

Container storage units used mostly for transportation of liquid materials, they are used by a huge proportion of entire shipping industry. They are mostly made of strong steel or other anti corrosive materials providing them with long life and protection to the materials.

10. Cargo storage roll container

A foldable container, this is one of the specialized container units made for purpose of transporting sets or stacks of materials. They are made of thick and strong wire mesh along with rollers that allows their easy movement. Availability in a range of colored wire meshes make these shipping container units a little more cheerful.

11. Half height containers

Another kind of shipping containers includes half height containers. Made mostly of steel, these containers are half the height of full sized containers. Used especially for good like coal, stones etc which need easy loading and unloading.

12. Car carriers

Car carriers are container storage units made especially for shipment of cars over long distances. They come with collapsible sides that help a car fit snugly inside the containers without the risk of being damaged or moving from the spot.

13. Intermediate bulk shift containers

These are specialized storage shipping containers made solely for the purpose of intermediate shipping of goods. They are designed to handle large amounts of materials and made for purpose of shipping materials to a destination where they can be further packed and sent off to final spot.

14. Drums

As the name suggests, circular shipping containers, made from a choice of materials like steel, light weight metals, fiber, hard plastic etc. they are most suitable for bulk transport of liquid materials. They are smaller in size but due to their shape, may need extra space.

15. Special purpose containers

Not the ordinary containers, these are the container units, custom made for specialized purposes. Mostly, they are used for high profile services like shipment of weapons and arson. As such, their construction and material composition depends on the special purpose they need to cater to. But in most cases, security remains the top priority.

16. Swap bodies

They are a special kind of containers used mostly in Europe. Not made according to the ISO standards, they are not standardized shipping container units but extremely useful all the same. They are provided with a strong bottom and a convertible top making them suitable for shipping of many types of products.


Container Yard (CY)
A facility for holding FCL (full container load) and empty containers that are received from or delivered to consignors or consignees by or on behalf of a carrier. It also provides a location to receive merchandise from consignors for packing into containers.
Cubic Foot
The unit of volume measurement that is equaled to 1,728 cubic inches.
Customs
The designated government authority that regulates the flow of goods to/from a country and collects duties levied by a country on imports and exports.

Customs Clearance
The procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo such as FCC or FDA approval.
Customs Duty
A tax levied and government collection by custom officials of duties that is imposed by law on imports.
Dangerous Goods
Articles or substances capable of posing a significant risk to health, safety, or property when transported by air and that require special attention when being transported.
Deferred Air AERI India Logistics
Air AERI India Logistics shipments that are not time sensitive and can be delivered at a lower cost on later flights. Delivery service is as a rule, between three to five business days.
Demurrage
A penalty for exceeding free time allowed for loading or unloading at a pier or AERI India Logistics terminal.
Density
The weight per cubic foot that is determined by multiplying the length, width and height of a container and dividing the total by 1728.
Dimensional Weight
A calculated weight based on a minimum density requirement. Density is the weight per cubic foot of a shipment of cargo. It is computed by dividing the shipment volume by the minimum density requirement. The dimensional weight rule was developed to insure fair compensation to low density shipments under which the transportation charges are based on a cubic dimensional weight rather than upon actual weight.
Durable Goods
Product that is not consumed through use, such as automobiles, furniture, computers and machinery.
Duty
A tax levied by a government on merchandise imported, exported from another country. Duties are based on the value of goods, while other factors include weight on quantity or combination of value and other factors (compound duties).
Entry
A documentation of the kinds, quantities and values of goods imported together with duties due and declared before a customs officer. It is required to secure the release from customs custody.
ETA
Acronym for Estimated Time of Arrival of a carrier.
Export
To transport goods away from a country for sale to another country.
FAK
Refers to AERI India Logistics All Kinds. Consolidated cargo that is shipped at one rate. FAK cargo is usually shipped in a container filled with a variety of merchandise or commodities.
Federal Aviation Administration (FAA)
Federal Aviation Agency was created in 1958 and appointed with the responsibility of making known of the operational standards and procedures for all classes of aviation in the United States. The FAA monitors any/all dangerous goods (HAZMAT) for air cargo transportation.
Federal Communications Commission (FCC)
A federal agency responsible with regulating interstate and international communications by television, radio, telephone, telegraph, as well as broadcasting standards and cable television operations. Customs clearance may rely on FCC approval regarding the nature of the cargo.
Food and Drug Administration (FDA)
The United States agency responsible for regulation of biotechnology food products. Customs clearance may rely on FCC approval regarding the nature of the cargo.
Foreign Trade Zone (FTZ)
Special restricted-access commercial and industrial areas in or near ports of entry that are designated by the government for duty-free entry of any non-prohibited goods. Foreign and domestic merchandise, including raw materials, components, and finished goods may be stored, displayed, and used for manufacturing within the zone and re-exported without duties being paid. Duties are imposed only when the original goods or items manufactured from those goods pass from the zone into an area of the country subject to customs authority.
AERI India Logistics
An independent business that dispatches shipments for exporters for a fee. Transportation can include shipping by land, air, or sea, or other resources. Usually it handles all the services connected with an export shipment, including full preparation of documents arranging for shipping, warehousing, delivery and export clearance.
Full Container Load (FCL)
A delivery of cargo that fills a given container either by bulk or maximum weight.
Full Truck Load (FTL)
A shipment of cargo that fills a given tractor trailer either by bulk or maximum weight.
Goods
Merchandise, supplies, raw materials, commodities and finished product. All things are treated as moveable and indicated as sold to a particular buyer.
Gross Weight
The full weight of a shipment, including containers and packaging materials.
Harmonize Tariff Schedule of the United States (HTS or HTSUS)
An organized listing of goods and their duty rates which is used as the basis for classifying imported products and identifying the rates of duty to be charged. The tariff schedule is divided into a variety of sections and chapters dealing independently with merchandise in wide-ranging product categories. The U.S. International Trade Commission is responsible for publishing the information.

The Harmonized Commodity Description and Coding System (HS code)
HS Code of the tariff nomenclature is an international standardised system of names and numbers for the classification of commodities. The HS code system is based on a 6-digit nomenclature. Individual countries have extended this to 10 digits for import and 8 for export. Nearly 200 countries use these HS codes as basis for:
1. import duties
2. trade statistics (Statistics Netherlands)
3. origin regulations
4. trade agreements
5. monitoring of controlled goods (including arms, waste, protected animal species)
6. risk analyses
7. Customs information systems

Igloo
A container designed to the dimensions of the full main deck width of carrying aircraft.
Importer
The individual firm or legal entity that brings goods from a foreign source into a customs territory during the course of trade.
Imports
To bring in commodities from a foreign country that have been processed or assembled in other countries.


INTERNATIONAL COMMERCIAL TERMS ( INCOTERMS )
Allocations of costs to buyer/seller according to Incoterms
Incoterm 2010 Export
customs declaration
Carriage to port of
export

Unloading of
truck in
port of export

Loading on
vessel/ airplane
in port of export
Carriage (sea/air)
to port of import
Insurance
Unloading
in port of
import
Loading on
truck in port
of import
Carriage to
place of destination
Import
customs clearance

Import duties and
taxes

EXW
Buyer
Buyer
Buyer

Buyer

Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
FCA
Seller
Seller
Buyer

Buyer

Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
FAS
Seller
Seller
Seller

Buyer

Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
FOB
Seller
Seller
Seller

Seller

Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
CPT
Seller
Seller
Seller
Seller
Seller
Buyer
Buyer/
Seller
Buyer/
Seller
Seller
Buyer
Buyer
CFR
Seller
Seller
Seller
Seller
Seller
Buyer
Buyer/
Seller
Buyer
Buyer
Buyer
Buyer
CIF
Seller
Seller
Seller
Seller
Seller
Seller
Buyer/
Seller
Buyer
Buyer
Buyer
Buyer
CIP
Seller
Seller
Seller
Seller
Seller
Seller
Buyer/
Seller
Buyer/
Seller
Seller
Buyer
Buyer
DAT
Seller
Seller
Seller
Seller
Seller
Seller/
Buyer
Seller
Buyer
Buyer
Buyer
Buyer
DAP
Seller
Seller
Seller
Seller
Seller
Seller/
Buyer
Seller
Seller
Seller
Buyer
Buyer
DDP
Seller
Seller
Seller
Seller
Seller
Seller/
Buyer
Seller
Seller
Seller
Seller
Seller


In-Bond
A customs program for inland ports that provides for cargo arriving at a seaport to be shipped under a customs bond to a more conveniently located inland port where the entry documents have been filed. Customs clears the shipment there and the cargo is trucked to its destination, which normally is close to the inland port.
Indirect Air Carrier (IAC)
An organization or entity, within the United States, not in possession of an FAA air carrier operating certificate, that initiates to engage indirectly in air transportation of property and uses for any part of such transportation of services to a passenger air carrier.
Inland Port
Sites located away from traditional borders where international trade is processed and value-added services are available.
Interline Shipping
The movement of a single shipment via two or more carriers.
International Air Transport Association (IATA)
A trade organization of airlines that works together offers the highest possible standards to passengers and cargo shippers.
Less Than Container Load (LCL)
AERI India Logistics is combined with other AERI India Logistics from other shippers. A container can be loaded with LCL cargo at a container AERI India Logistics station for LCL delivery.
Less Than Truckload (LTL)
AERI India Logistics from several shippers loaded onto an individual trailer. The shipment is based upon a separate rate than truckload rate. LTL is in contrast to TL, which is only one shipment from one shipper that is loaded on a tractor-trailer.
Lower Deck
Compartments on the lower, or lowest cargo holding area of an aircraft. This is located below where the passengers sit.
Master Air Waybill (MAWB)
The air waybill of lading that provides data on a consolidated shipment of goods. The consolidator is shown as the shipper.

Multimodal Transport Operator (MTO)
A carrier who concludes multimodal transport contracts; i.e., contract involving transport by more than one mode of carriage, and for which MTO accepts liability as a carrier.
Net Weight
The total weight of a shipment less the weight of pallets, containers or straps.
Non-vessel Operating Common Carrier (NVOCC)
A carrier who issues bills of lading for carriage of goods on vessels that are not owned or operated by them.
Overnight
Expedited service on a transaction where service is required on the next business day. Delivery service is as a rule, delivery on the next business day.
Packing List
A document prepared by the shipper that lists the kinds and quantities of merchandise in a particular shipment. A copy is generally sent to the consignee to aid in checking the shipment when received.
Pallet
A portable platform for storing or transporting AERI India Logistics.
Proof Of Delivery (POD)
A receipt with the signature of the recipient.
Port
A harbor where ships may anchor and unload or receive cargo.
Priority Air AERI India Logistics
Reserved Air AERI India Logistics or air express service where shipments have a priority after mail and small packages. The shipper pays a premium charge for this service.


Re-Exports
Exports of foreign goods in the same state as previously imported.
They are to be included in the country exports. It is recommended that they be recorded separately for analytical purposes. This may require the use of supplementary sources of information in order to determine the origin of re-exports, i.e., to determine that the goods in question are indeed re-exports rather than the export of goods that have acquired domestic origin through processing.


Re-Imports

Goods are imported in the same state as previously exported.
They are included in the country imports. It is recommended that they be recorded separately for analytical purposes. This may require the use of supplementary sources of information in order to determine the origin of re-imports, i.e., to determine that the goods in question are indeed re-imports rather than the import of goods that have acquired foreign origin through processing.


Roll-on/Roll-Off (Ro/Ro)
A ship that is specifically designed to carry wheeled and tracked vehicles as all or most of its cargo. Some vessels can accommodate containers and cargo that is wheeled, tracked, self-propelled or towed vehicles and equipment. A series of external and internal ramps facilitate the loading and discharge of RO/RO cargo.
Second Day Air AERI India Logistics
Air AERI India Logistics shipments that are not overnight or time sensitive and can be delivered at a economic cost. Delivery service is as a rule, delivery on the second business days.
Shipment
Except as otherwise provided, the transportation of goods from one location to another, by one shipper, on one bill of lading, from one delivery location, for one consignee to one delivery.
Shipper
The company or person who tenders goods to a carrier for transportation.
Shipper's Letter of Instruction
A form used by the shipper authorizing a carrier to issue an air waybill or (BOL) bill of lading on the shipper's behalf. It contains all details of the shipment and authorizes the carrier to transport the cargo on behalf of the shipper specific instructions.
Storage
Holding a shipment in a carrier's warehouse, pending further transportation. Additional charges may be applicable.
Tare Weight
The weight of packing and containers without the goods to be shipped.
Tariff
A general term for any listing of rates or charges for the movement of goods.
Terminal Handling Charge (THC)
Fees charged by ocean containers to move containers between terminals and ships (onloading and unloading), inspecting at terminal facilities, paid by shippers (manufacturers, importers and exporters).
Transit
A journey from one location to another.
Transportation Security Administration (TSA)
On November 19, 2001 Congress enacted the Aviation and Transportation Security Act (ATSA) creating the Transportation Security Administration. The ATSA transferred all FAA rules governing civil aviation security, including IAC's to the TSA. The TSA deals with all modes of transportation: air, highway, rail, & sea.
Truck Load (TL)
A shipment of AERI India Logistics that is loaded to a trailers maximum capacity either by bulk or maximum weight.
Ultimate Consignee
The individual who is the one receiving goods for the designated end use. A customs broker cannot be listed as the ultimate consignee unless they own the merchandise or there is not U.S. buyer and the document shows the brokers premises as the location to which the merchandise is to be delivered.
Unit Load Device (ULD)
Any type of container or pallets used to consolidate packages of AERI India Logistics for mechanical handling.
Upper Deck
The higher or highest deck on a ship or airplane.
Value-Added Tax (VAT)
A fee levied on all goods and services as goods and services go through the production chain, from the raw material to final consumption. The amount taxed is the amount of value a particular step in the production chain added to the value of the goods or service. Volume Rate - A AERI India Logistics rate assessed with a specific volume of AERI India Logistics based upon the presumption it will increase over a period of time.

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