WX

Waiting Time
The 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. See also queue time.

Waiver Clause
Clause in a marine insurance policy stating that no acts of the insurer or insured in recovering, saving or preserving the property insured, shall be considered a dismissal from or acceptance of abandonment.

Warehouse
A building specially designed for receipt, storage and handling of goods.
Synonyms: Shed, Store.

Warehouse Keeper
Party who takes responsibility for goods entered into a warehouse.

Warehouse Receipt
Receipt for products deposited in a warehouse.

Warehousing
Those activities of holding and handling goods in a warehouse (store).

Warsaw Convention
The Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw, 12 October 1929, or that Convention as amended by the Hague Protocol, 1955, stipulating obligations or parties and limitations and/or exonerations of carriers (aircargo).

Waste Disposal
Processing and or removal to final resting place or transfer to a place for re-use or recovering of waste.

Waste Logistics
The collection of used, damaged, or outdated products and or packaging from designated users.
Synonym: Reverse Distribution.

Waybill
Non-negotiable document evidencing the contract for the transport of cargo.

Wear and Tear
Loss or deterioration resulting from ordinary use.

Weight Ton
A ton of 1000 kilos.

Wharf
A place for berthing vessels to facilitate loading and discharging of cargo.

Wharfage
The fee charged for the use of a wharf for mooring, loading or discharging a vessel or for storing goods.

WHO
See World Health Organization.

Wholesaler
An intermediary between manufacturers and retailers in various activities such as promotion, warehousing, and the arranging of transport and or distribution.

Workflow Marketplace
Provides project tracking or collaboration services for complex, iterative, multi-party projects in construction, syndicated bank debt, or licensed trademarks. Charge subscriptions but add transaction fees, such as Bidcom.com charging a contractor to print project blueprints. Create an information-sharing network that gives all parties an appropriate view of the project. Examples: Bidcom (construction), Hurricane (intellectual property). Also, many Net markets incorporate workflow to hold onto users. Once a Net market becomes part of everyday business processes, the switching to another Net market becomes much harder.

Work Load
The quantity of work ahead assigned to a certain facility such as a work station, capacity group or a department respectively staff-member.

World Health Organization
Abbreviation: WHO
The global agency linked with the United Nations and cooperating with other technical agencies relating to health matters at sea and on land.

X.25
International standard of the CCITT for packet switching.

X.400
A CCITT recommendation designed to facilitate international message and information exchange between subscribers of computer based store-and-forward services and office information systems in association with public and private data networks.

X.500
The CCITT now ITU recommendations (ISO9594) for the structure of directories for the maintenance of addresses used in electronic mail.

X-ray
High frequency electromagnetic ray of short wave-length, capable of penetrating most solid substances.

YZ

Yard
Fenced off, outdoor storage and repair area.

Yawl
A vessel's small boat moved by one oar.
Synonym: a jolly-boat.
A small sailboat rigged fore-and-aft, with a short mizzenmast astern of the cockpit; distinguished from ketch.

Yield Bucket
The remaining slot capacity for a trade/voyage in a certain port of loading after deduction of the allowance for specific contracts.

Yield Management
The process of maximising the contribution of every slot, vessel, trade and network. Basically it should be seen as the process of allocating the right type of capacity to the right kind of customer at the right price as to maximise revenue or yield.
The concept should be used in combination with load factor management.

York-Antwerp Rules
See General Average Act.

Zodiac
A rubber dinghy. An inflatable craft for the transport of people.

Zone
Area, belt or district extending about a certain point defined for transport and/or charge purpose.

Zone Haulage Rate
The rate for which the carrier will undertake the haulage of goods or containers between either the place of delivery and the carrier's appropriate terminal. Such haulage will be undertaken only subject to the terms and conditions of the tariff and of the carrier's Combined Transport Bill of Lading.

Zone Improvement Plan
Abbreviation: ZIP
System to simplify sorting and delivery of mail, consisting of a number of five digits (the so-called ZIP-code) for identification of the state, city or district, and the postal zone in the U.S.A. delivery areas.