Logistic Terms - W

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• Waiting Time - Period of time between the moment at which one is ready for an activity to start and the moment at which this activity can actually begin. > Queue Time
• Waiver Clause - Clause regarding the abandonment or forsaking of a right.
• War Risks - Those risks related to two (or more) belligerents engaging in hostilities, whether or not there has been a formal declaration of war. Such risks are excluded by the F.C.&S. (Free of Capture and Seizure) Warranty, but may be covered by a separate War Risk Policy, at an additional premium.
• Warehouse - Building specially designed for receipt, storage and handling of goods. Synonyms: Shed, Store
• Warehouse Keeper - Party that takes responsibility for goods entered into a warehouse.
• Warehouse Management System (WMS) - WMS is software designed to function around three main components: put away, replenishment, and picking. By directing these three components, the system can logically manage the movement and storage of product in the warehouse.
• Warehouse Receipt - Receipt issued by a warehouse listing goods received for storage.
• Warehouse-to-Warehouse Clause - Clause in the Cargo Policy that defines when cover commences and terminates. The policy begins at the time the goods leave the warehouse of origin named in the policy, continues during the transit period until goods are delivered to the warehouse of destination named in the policy, where it terminates.
• Warehousing - Those activities of holding and handling goods in a warehouse (store).
• Warsaw Convention - Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw, October 12, 1929, or that Convention as amended by the Hague Protocol, 1955. > Hague Protocol
• Waste Disposal - Processing and/or removal to final resting place or transfer to a place for reuse or recovering of waste.
• Waste Logistics - Collection of used, damaged, or outdated products and/or packaging from designated users. > Reverse Distribution
• Waybill - Non-negotiable document evidencing the contract for the transport of cargo. > Bill of Lading
• Wear and Tear - Loss or deterioration resulting from ordinary use.
• Weight Charge - Charge for carriage of goods based on their weight.
• Weight Ton - Ton of 1000 kilograms.
• Wharf - Place for berthing vessels to facilitate loading and discharging of cargo.
• Wharfage - Fee charged for the use of a wharf for mooring, loading or discharging a vessel or for storing goods.
• WHO - > World Health Organization
• Wholesaler - Intermediary between manufacturers and retailers in various activities such as promotion, warehousing, and the arranging of transport and/or distribution.
• Wide-Body Aircraft - Aircraft with two corridors, such as a Boeing 747, 767, 777 and DC-10, MD11.
• Without Prejudice - Claim is paid on this occasion, although the underwriter feels it does not attach to the policy. The action must not be treated as a precedent for similar future claims.
• Without Reserve - Term indicating that a shipper's agent or representative is empowered to make definitive decisions and adjustments abroad without approval of the group or individual represented. > Advisory Capacity
• World Health Organization - Abbreviation: WHO. Global agency linked to the United Nations cooperating with other technical agencies relating to health matters at sea and on land.