A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Back letter

A complement to a contract laying down rights and/or obligations that for whatever reasons the contracting parties cannot state in the original contract. A letter of indemnity provided by a shipper to a carrier, inducing the carrier to provide a…

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Back order

That portion of an order that cannot be delivered at a scheduled time, but will be delivered at a later date when available. Also, to restock requested out-of-stock items.

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Back to back letter of credit

A new letter of credit opened in favour of another beneficiary on the basis of an already existing one, not a transferable letter of credit. This type of letter of credit is used for trade intermediaries to open a second…

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Backhauling

The process of a transportation vehicle returning from the original destination point to the point of origin. The backhaul can be with a full, partial, or empty load. An empty backhaul is called deadheading.

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