Logistics Glossary

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Frustration

Charterers can cancel the agreement of affreightment with ‘doctrine of frustration’. This could be; extensive delays, damage to the ship, etc.

Stevedoring

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Related terms

  • First Party Logistic Model (1PL)
  • Second Party Logistic Model (2PL)
  • Third Party Logistic Model (3PL)
  • Fourth Party Logistic Model (4PL)
  • Fifth Party Logistic Model (5PL)

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