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GLOSSARY OF WORDS

CMR insurance

CMR stands for Insurance Policy for Carried Goods.

CMR insurance is a mandatory policy for international shipments of goods.

This provides protection in case of loss, theft or damage to the goods during transportation.

Other terms

ISO 9001

International standard for quality management.
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Euro 6

European emission standard for vehicles.
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EXW (Ex Works)

Incoterms term by which the buyer picks up the goods from the seller's premises.
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Reefer

Term used for refrigerated trucks.
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Logistic hubs

Central distribution point.
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Intermediate storage

Temporary storage of goods before delivery.
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Shipping by sea

Transportation of goods by sea vessels.
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3PL (Third Party Logistics)

External supplier providing complete logistics services.
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