What is 1 Pl, 2Pl, 3Pl, and 4PL in logistics terminology
1PL - If u ask ur friend who is traveling to another friends place of yours and ask him to handover him a parcel / gift / goods it is called 1 PL. Here no cost is involved, no tracking of the goods is involved, the recipient / consignee / buyer need not come to a central location and collect the goods.This is from Door to Door
2PL - Here, we approach any travels to transport the parcel / gift / goods. Here cost is involved, packing is involved, the recipient / consignee / buyer comes to an agreed location and collects the goods. E;g - When we send a parcel through KPN travels for a friend at Bangalore. This can be from Port to Port
3PL - Here, we send the parcel / gift / goods through a courier service / logistics provider it is called as 3PL. Here cost is involved, packaging is involved, tracking of the goods is involved, storage, warehousing may or may not be involved. E;g - When we send a parcel through Fedex / CEVA / UPS / DHL...KPN for a friend at Bangalore.This can be from Door to Door, Door to Port, Port to Port
4PL - They are consulting firms, who provide consulting services for individuals / firms / who wanted to start a new logistics business. They have grown themselves in years by learning the tips and tricks of the trade...
LCL - Less than container load - It is a shipment, that is not fully loaded for the given size of container.E;g - If we arrange a 20' container. Not the full 20' container is loaded. Only half of it / quarter of it is loaded
FCL - Full Container Load - It is a shipment, that is fully loaded, till it reaches its allowable maximum weight or full measurement. In practice it means whole container is intended for one consignee
Bill of Lading - A bill of lading is a type of document that is used to acknowledge the receipt of a shipment of goods. A transportation company or carrier issues this document to a shipper. In addition to acknowledging the receipt of goods, a bill of lading indicates the particular vessel on which the goods have been placed, their intended destination, and the terms for transporting the shipment to its final destination.It shows Consignee, Exporter, quantity of goods, Type of godds, etc.
Master Bill of Lading: Issued from Carrier.
House Bill of Lading: Issued from Freight Forwarder
Bill of exchange - Issued by exporter/shipper. Showing amount of goods. This used to exchange the shipping documents within shipper and buyer through bank.
Bill - A bill is presented when money is owed. Generally, bills are used for purchases made on credit.
Receipt - A receipt is given when an amount owing has been paid. Receipts are used for purchases made on cash
Broker - Brokers arrange transportation with a carrier, on behalf of the shipper. Brokers are not statutorily responsible for loss or damage and cannot issue their own bills of lading with their name
Freight Forwarder - A freight forwarder assists in the careful storage of the cargo of the clients at his warehouse. A freight forwarder can be held statutorily responsible for damage or loss of the cargo. Moreover he issues bills of lading with his name
Shipper - He who organizes your shipment, to that end they may use a variety of carriers
Carrier - A carrier is an organization that transports a product or service using its facilities, and offers its services to the general public
Clearing agent - A clearing agent on the other hand takes care of the customs clearance aspect of the business.A clearing agent on the other hand arranges to pass the concerned documents at customs. He would look after the customs inspections as required. A clearing agent on the contrary cannot issue own bills of lading if not registered.
Freight - The term ‘freight’ is used especially when you transport goods by a train or by a truck. It is used occasionally to refer to product, money charged, amount payable
Cargo - The goods become cargo when they are transported by a ship or by a plane. It is used only to indicate goods and nothing else.
