"Lingo" or "Terms and Industry language" is very important. Every industry works with special terms and abbreviations. It is quite helpful to understand these terms not just for communication purpose. In transportation it is also very important to understand these definitions to cover your liabilties and Commitments. Below is a constantly growing list of Terms and Definitions that Truckers, Firms, Coordinators, and other industry professionals might throw at you.
Valuation
Valuation is a level of protection that customers are available to add to shipments. Carriers have minimum Insurance Liabiltiies, which may not cover your shipment. To increase the coverage you may opt for Additional Valuation. This charge and service is based on the value of what you would like to ship.