Logistics Glossary

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BUC

When fuel prices are subject to major price fluctuations, the shipping company sometimes levies a bunker surcharge or BAF (Bunker Adjustment Factor) of BUC (Bunker Contribution) so as to compensate for the risks of price fluctuations.

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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