Industrial Glossary

Terminology for engineering, procurement & industrial finance

A single searchable reference covering the vocabulary used across the Global Match Group ecosystem.

Industrial Knowledge Hub

RFQ procurement: Request for Quotation — a structured document inviting suppliers to price a defined scope of work or supply.
RFP procurement: Request for Proposal — solicits both a technical solution and a price, used when the scope is not yet fully defined.
EOI procurement: Expression of Interest — a pre-qualification stage to identify capable suppliers before formal tendering.
FAT procurement: Factory Acceptance Test — tests performed at the supplier's facility to confirm the equipment meets specification before shipment.
SAT procurement: Site Acceptance Test — final testing performed at the buyer's site after installation, triggering acceptance and warranty start.
Incoterms procurement: Standardized international commercial terms (EXW, FOB, CIF, DAP, DDP, etc.) defining who is responsible for shipping, insurance and duties.
Bill of Quantities engineering: An itemized list of works, materials and quantities used to price a project consistently across bidders.
Capex financing: Capital expenditure — one-time spending to acquire or upgrade physical assets.
Opex financing: Operating expenditure — ongoing costs to run and maintain the asset.
TCO financing: Total Cost of Ownership — capex plus opex plus disposal cost over the asset's useful life.
ECA financing: Export Credit Agency — a national institution that insures or funds cross-border trade to support domestic exporters.
Buyer Credit financing: A loan from a bank in the exporter's country to the foreign buyer, guaranteed by an ECA and used to pay the exporter on shipment.
Supplier Credit financing: Deferred payment terms extended by the exporter to the buyer, typically refinanced with ECA cover.
Finance Lease financing: A lease that transfers substantially all risks and rewards of ownership to the lessee.
Operating Lease financing: A lease where residual value risk remains with the lessor; treated closer to a rental.
Refrigerant cold-chain: The working fluid in a refrigeration cycle. Common industrial choices include ammonia (R717), CO₂ (R744) and HFC blends.
Ammonia (R717) cold-chain: A highly efficient natural refrigerant widely used in industrial systems; requires strict safety design and trained operators.
Transcritical CO₂ cold-chain: A CO₂ refrigeration cycle that operates above CO₂'s critical point on the high-pressure side; common in modern medium-large systems.
Cascade System cold-chain: A refrigeration architecture using two refrigerants in stacked cycles — typically CO₂ on the low side and ammonia on the high side.
Cold Chain cold-chain: The temperature-controlled supply chain used to preserve perishable goods from production to consumption.
Reefer cold-chain: A refrigerated container or trailer used to transport temperature-sensitive cargo.
Hatchability poultry: The percentage of fertile eggs set that hatch as live chicks — a core hatchery KPI.
Setter poultry: A hatchery machine that incubates eggs for the majority of the incubation period before transfer to a hatcher.
Hatcher poultry: A hatchery machine used for the final days of incubation, through hatch.
Feed Conversion Ratio poultry: The ratio of feed consumed to weight gained — a central efficiency metric across poultry, aquaculture and livestock.
Broiler poultry: A chicken raised for meat production, typically slaughtered at 5–7 weeks.
Layer poultry: A hen raised for commercial egg production.
RAS aquaculture: Recirculating Aquaculture System — a land-based system that filters and reuses water for intensive fish farming.
Biofilter aquaculture: A component of a RAS that removes ammonia from the water via nitrifying bacteria.
Stocking Density aquaculture: The mass of fish per unit of water volume — a key driver of welfare, growth and system design.
Grading aquaculture: Sorting fish by size to improve growth uniformity and reduce cannibalism or competition.
Seed Coating seed: Applying protective or performance-enhancing layers (fungicides, nutrients, polymers) to seed surfaces before planting.
Germination Rate seed: The percentage of seeds that produce viable seedlings under standard test conditions.
Cleaning Line seed: A sequence of screens, aspirators and gravity tables used to remove impurities and off-size seeds.