Own account

17.07.2013 06:58

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Own account

1) Term meaning operation by a firm of its own vehicle/s for carrying its 'own' goods - ie goods in connection with any trade or business carried on by the firm other than that of carriage for hire or reward (ie haulage).

In 'O' licensing terms, requires a restricted licence unless goods are also carried for hire or reward.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.177 (288 p.)


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