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Logistic terms
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Economic Speed
That speed of a means of transport which produces the best possible financial result for the owner. Such speed should not be in excess of the maximum or minimum output allowed for the engine(s).
That speed of a means of transport which produces the best possible financial result for the owner. Such speed should not be in excess of the maximum or minimum output allowed for the engine(s).
Economy of Scale
Phenomenon which encourages the production of larger volumes of a commodity to reduce its unit cost by distributing fixed costs over a greater quantity.
Phenomenon which encourages the production of larger volumes of a commodity to reduce its unit cost by distributing fixed costs over a greater quantity.
ECT
Europe Combined Terminals (Rotterdam).
Europe Combined Terminals (Rotterdam).
Eight Freedoms (Air)
Freedom 1: The right to fly and carry traffic over the territory of the grantor state. Freedom 2: The right to fly and carry traffic over the grantor state and to make one or more stops for non-traffic purposes (e.g. refueling). Freedom 3: The right to fly into the territory of the grantor state and set down traffic from the state of the carrier. Freedom 4: The right to fly into the territory of the grantor state and take on traffic for the state of the carrier. Freedom 5: The right to fly into the territory of the grantor state and take on or set down traffic to or from third states. Freedom 6: The right to fly into the territory of the grantor state and take on or set down traffic for the carrier's state. Such traffic being carried to a third state on a different service. Freedom 7: The right for a flag-carrier operating entirely outside the territory of this own state to take on or set down traffic in the grantor state for carriage to or from a third state. Freedom 8: The right of a carrier of another state to take (cabotage) on or set down traffic from one point in the territory of the grantor state to another point within the same state. Five Freedoms (Air)
Freedom 1: The right to fly and carry traffic over the territory of the grantor state. Freedom 2: The right to fly and carry traffic over the grantor state and to make one or more stops for non-traffic purposes (e.g. refueling). Freedom 3: The right to fly into the territory of the grantor state and set down traffic from the state of the carrier. Freedom 4: The right to fly into the territory of the grantor state and take on traffic for the state of the carrier. Freedom 5: The right to fly into the territory of the grantor state and take on or set down traffic to or from third states. Freedom 6: The right to fly into the territory of the grantor state and take on or set down traffic for the carrier's state. Such traffic being carried to a third state on a different service. Freedom 7: The right for a flag-carrier operating entirely outside the territory of this own state to take on or set down traffic in the grantor state for carriage to or from a third state. Freedom 8: The right of a carrier of another state to take (cabotage) on or set down traffic from one point in the territory of the grantor state to another point within the same state. Five Freedoms (Air)
