Logistics & Supply Chain Glossary

Why this glossary exists

Logistics and supply chain operations involve a dense layer of jargon that varies by industry, trade lane, and whether you are working with Asian or European counterparts. Misunderstanding a key term — particularly an Incoterm or a customs classification concept — can result in incorrect invoicing, unexpected costs, or compliance exposure.

This glossary is designed for professionals who encounter these terms regularly but need a clear, practical reference. Terms are explained in the context of real operations, not as abstract definitions.

Understanding Incoterms in practice

Incoterms (International Commercial Terms) are the most misunderstood area in international trade. The same Incoterm applied to different products, trade lanes, or counterparts can produce very different commercial outcomes. The most common mistakes are using FOB for containerised shipments when FCA is more appropriate, or accepting CIF without understanding that the buyer bears risk during transit while the seller controls the insurance.

If you are new to importing from Asia, LogiMind's team works with buyers at every level of experience — from first-time importers to experienced supply chain directors optimising established operations. Contact us to discuss your specific situation.