Unit2LogisticInformationPartIPracticalReadingPassageALogisticsTerminologyLogistics has evolved to unmatched heights because of advances in the fieldall over the globe. Many organizations which used to treat theprocess as a burdenare now focusing on the growth and development of logistics by making it as anintegral part of the organization.Those withan interest in thefield mayfind somelogistics terminology initially confusing, so we present definitions of somefrequentlyusedphrases:ABC analysisIt refers to the process of classification of products as per the level ofimportance in terms of their relative criteria such as purchase or sales volume.Itcan be described as a technique that is used in a business sense for denoting acategorization of large volume of data into groups. These groups can be markedas A, B and C. This means that activities that are considered high on priority arelabeled as A,those with a lesser priority are grouped under B and the groups ofactivities that are last on the list of priority are labeled C
Unit 2 Logistic Information Passage A Logistics Terminology Logistics has evolved to unmatched heights because of advances in the field all over the globe. Many organizations which used to treat the process as a burden are now focusing on the growth and development of logistics by making it as an integral part of the organization. Those with an interest in the field may find some logistics terminology initially confusing, so we present definitions of some frequently used phrases: ABC analysis It refers to the process of classification of products as per the level of importance in terms of their relative criteria such as purchase or sales volume. It can be described as a technique that is used in a business sense for denoting a categorization of large volume of data into groups. These groups can be marked as A, B and C. This means that activities that are considered high on priority are labeled as A, those with a lesser priority are grouped under B and the groups of activities that are last on the list of priority are labeled C. Part I Practical Reading
Unit2LogisticInformationOpenPolicyThis refers to a cargo insurance policy that has an open contract. An openpolicy is a form of cargo insurance policy that is used to cover all types ofshipments undertaken by the insured party. Sometimes referred to as blanketcoverage, the client is covered for any situation specified in the terms andconditions of the insurance agreement, as long as those shipments have beenproperlydeclaredtothecompanythatunderwritesthepolicy.ConsigneeThis refers to an individual, company or manufacturer to whom a shipper orseller sends merchandise. Intermediate consignee refers to a party who isresponsible for merchandise delivery to the ultimate consignee.Uitimateconsignee, on the other hand, refers to a party who is in the actual receipt of themerchandise in an export-related transaction.AirWaybillThis refers to a bill oflading that is related to air transportation which tendstoserve as the shipper's receipt. It indicates that the carrier company has consentedto the listed goods and under an obligation to carry the products that are deliveredin the form of a consignment to the destination airport in accordance with theconditions specified to the consignee and consignor. Air way bills are always non-negotiable
Open Policy This refers to a cargo insurance policy that has an open contract. An open policy is a form of cargo insurance policy that is used to cover all types of shipments undertaken by the insured party. Sometimes referred to as blanket coverage, the client is covered for any situation specified in the terms and conditions of the insurance agreement, as long as those shipments have been properly declared to the company that underwrites the policy. Consignee This refers to an individual, company or manufacturer to whom a shipper or seller sends merchandise. Intermediate consignee refers to a party who is responsible for merchandise delivery to the ultimate consignee. Ultimate consignee, on the other hand, refers to a party who is in the actual receipt of the merchandise in an export-related transaction. Air Way bill This refers to a bill of lading that is related to air transportation which tends to serve as the shipper’s receipt. It indicates that the carrier company has consented to the listed goods and under an obligation to carry the products that are delivered in the form of a consignment to the destination airport in accordance with the conditions specified to the consignee and consignor. Air way bills are always nonnegotiable. Unit 2 Logistic Information
Unit2LogisticInformationNotes1. Many organizations which used to treat the process as a burden are nowfocusing on thegrowth and development of logistics bymaking it as an integralpartof theorganization.本句中which引导的是定语从句，修饰先行词organizations；全句的谓语是arefocusingon：bymaking在句中作方式状语。全句可译为：许多组织曾经将物流看作一种负担，但现在，他们视物流为组织中的一个主要部分，开始关注物流的成长和发展。2.An open policy is a form of cargo insurance policy that is used to cover all typesof shipmentsundertakenbytheinsured party.本句为定语从句；由that所引导的定语从句修饰cargoinsurancepolicy。全句可译为：预约保单是货物保单的一种形式，覆盖投保方所有类型的运输业务
Notes 1. Many organizations which used to treat the process as a burden are now focusing on the growth and development of logistics by making it as an integral part of the organization.本句中which引导的是定语从句，修饰先行词organizations； 全句的谓语是are focusing on；by making 在句中作方式状语。全句可译为：许多 组织曾经将物流看作一种负担，但现在，他们视物流为组织中的一个主要部分，开 始关注物流的成长和发展。 2. An open policy is a form of cargo insurance policy that is used to cover all types of shipments undertaken by the insured party. 本句为定语从句；由that所引导的定 语从句修饰cargo insurance policy。全句可译为：预约保单是货物保单的一种形式， 覆盖投保方所有类型的运输业务。 Unit 2 Logistic Information
Unit2 LogisticInformationNewWordscoverage n.覆盖unmatchedadi.无与伦比的client n.顾客advancen.发展globe n.全球specify vt.规定underwritevt.承保burdenn.负担consignee n.收货人integral adj.完整的merchandisen.「总称l商品，货物terminology n.术语vt.经营，销售confusing adj.令人困惑的analysis n.分析intermediateadj.中间的classification n.分类ultimate adj.最终的receipt n.收据criteria n.标准purchasen.进货vt.采购transaction n.交易ladingn.装载denote vt.表达consent vt.同意categorizationn.分类obligation n.义务priorityn.优先权consignment n.委托labelvt.标注cargo n.货物specified adj.规定的shipment n.发货consignorn.发货人non-negotiable adj.不可转让的insuredadj.已投保的blanket adj.全体的
New Words unmatched adj. 无与伦比的 advance n. 发展 globe n. 全球 burden n. 负担 integral adj. 完整的 terminology n. 术语 confusing adj. 令人困惑的 analysis n. 分析 classification n. 分类 criteria n. 标准 purchase n. 进货 vt. 采购 denote vt. 表达 categorization n. 分类 priority n. 优先权 label vt. 标注 cargo n. 货物 shipment n. 发货 insured adj. 已投保的 blanket adj. 全体的 coverage n. 覆盖 client n. 顾客 specify vt. 规定 underwrite vt. 承保 consignee n. 收货人 merchandise n. [总称]商品，货物 vt. 经营，销售 intermediate adj. 中间的 ultimate adj. 最终的 receipt n. 收据 transaction n. 交易 lading n. 装载 consent vt. 同意 obligation n. 义务 consignment n. 委托 specified adj. 规定的 consignor n. 发货人 non-negotiable adj. 不可转让的 Unit 2 Logistic Information
Unit2LogisticInformationPhrasesandExpressionsfocuson关注opencontract开口合同，开发订单integralpart 主要部分insurancepolicy保单ABCanalysis分类管理法blanketcoverage统一承保asper按照airwaybill空运提单interms of 依照airtransportation 空运salesvolume销售量serve as 担任businesssense 商业意识carriercompany运输公司labelas 被称作consentto 答应thelistof 清单underanobligation 有义务openpolicy预约保单intheformof以.....形式cargoinsurance货物保险insuredparty投保方
Phrases and Expressions focus on 关注 integral part 主要部分 ABC analysis 分类管理法 as per 按照 in terms of 依照 sales volume 销售量 business sense 商业意识 label as 被称作 the list of 清单 open policy 预约保单 cargo insurance 货物保险 insured party 投保方 open contract 开口合同，开发订单 insurance policy 保单 blanket coverage 统一承保 air way bill 空运提单 air transportation 空运 serve as 担任 carrier company 运输公司 consent to 答应 under an obligation 有义务 in the form of 以.形式 Unit 2 Logistic Information