In every industry, there is a special jargon or terminology unique to that specific sector and the transport business is no exception. Here are some of the terms that might be of help to you when you are planning for relocation sometime soon.
Bill of lading
Realtor explains this term as "the agreement between customers and movers." It acknowledges that all property of the mover will be carried on a truck and will be transported to its desired location. The Bill of Lading also serves as acknowledgment receipt that certifies items are received in good condition. For your own safety and satisfaction, be sure to check the document and ensure that all your belongings are on the list during your relocation period.
Binding Estimate
Based on the inventory of your house, the moving company will supply a guaranteed price which is called the binding estimate. If the actual weight of your cargo is bigger than the written estimate, you will only pay the quoted amount.
Dunnage
Dunnage is the term which means protection and security for your stuff. It protects your goods during the transport process.
PBO
PBO is an acronym which means "Packed by Owner." A customer is responsible for the packing of his things for the moving. PBO items which are damaged during the transit period may not be ensured. Furthermore, CP or "carrier packed" items that are damaged or broken will be the responsibility by the mover.
Change of Order
North American describes this term in the transport business as the written agreement that covers the expenses when you request for additional services that were not included during the estimate.
Valuables Protection
This refers to your protection or the level of insurance that your belongings received from your moving company. This also determines the available compensation as well as repairs that your moving company will provide in case your items will be lost or damaged.
