ASTM E2671-10
(Practice)Standard Practice for Defining Movements, Shipments, and Transfers of Tangible Property
Standard Practice for Defining Movements, Shipments, and Transfers of Tangible Property
SIGNIFICANCE AND USE
Movement is the act or process of physically relocating tangible property from one location, internal area, or person to another within an entity’s site, generally regarded as an onsite location change.
Movement applies to tangible property relocated within an entity's facility, for example, building and room changes within one site.
Movement is recorded by means of internal entity movement documents such as move orders or hand receipts. All movement must be authorized and documented.
Movement typically does not include any change to accountability or ownership but may include a change in responsibility and stewardship.
Movement documents are used to update and support records established and maintained for management and audit purposes.
Shipment is the physical relocation of tangible property from one facility, geographical location, customer, or entity, or any combination thereof, to another and may or may not include a transfer of accountability. Typically a shipment would include a change in responsibility or stewardship. For information on transfers, see 5.3.
A shipment of property from one facility or site to another, to a supplier, to a customer, or to a consignee requires preparation of a shipping document, for example, an entity’s or carrier’s shipping document, customer, client or government forms, etc.
Shipping documents used to update property records are retained as auditable documents.
For the purpose of this practice, shipment is relocation of an item offsite and movement is a location change onsite. However shipment may be considered the same as movement in regard to the updating of an entity’s property records in that both actions cause a change to location information.
Shipments require compliance with federal, state and local laws and regulations, including, where applicable, export laws and regulations as promulgated by Government entities.
Transfers of tangible assets typically include a conveyance of right, title, interest, ...
SCOPE
1.1 This practice defines and clarifies the differences between movements, shipments, and transfers of tangible property to support the goals and mission of the entity.
1.2 This practice is intended to be applicable and appropriate for tangible property holding entities.
1.3 This practice contains information on movements, shipments, and transfers as defined herein and includes other terms from Terminology E2135.
1.4 This practice enables effective and consistent communication across entities through standard use of the terminology.
1.5 This practice does not include actual instructions or directions on how to complete or conduct movements, shipments, or transfers.
1.6 For the purpose of clarification and communication, shipment and movement are considered two different activities in this practice.
1.7 The values stated in SI units are to be regarded as standard. No other units of measurement are included in this standard.
1.8 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.
General Information
Relations
Standards Content (Sample)
NOTICE: This standard has either been superseded and replaced by a new version or withdrawn.
Contact ASTM International (www.astm.org) for the latest information
Designation: E2671 −10
StandardPractice for
Defining Movements, Shipments, and Transfers of Tangible
Property
This standard is issued under the fixed designation E2671; the number immediately following the designation indicates the year of
original adoption or, in the case of revision, the year of last revision. A number in parentheses indicates the year of last reapproval. A
superscript epsilon (´) indicates an editorial change since the last revision or reapproval.
1. Scope 3. Terminology
1.1 This practice defines and clarifies the differences be- 3.1 Definitions—For definitions relating to property and
tween movements, shipments, and transfers of tangible prop-
asset management, refer to Terminology E2135.
erty to support the goals and mission of the entity.
3.1.1 movement, n—act or process of physically relocating
tangible property from one location, internal area, or person to
1.2 This practice is intended to be applicable and appropri-
another within an entity’s site, generally regarded as an onsite
ate for tangible property holding entities.
location change.
1.3 This practice contains information on movements,
shipments, and transfers as defined herein and includes other 3.1.2 movement document, n—any document created to
terms from Terminology E2135.
record the movement of tangible property with proper
authorization, for example, internal entity specific forms, move
1.4 This practice enables effective and consistent commu-
order, hand receipt, etc., used to update and support records
nication across entities through standard use of the terminol-
established and maintained for management and audit pur-
ogy.
poses.
1.5 This practice does not include actual instructions or
3.1.3 shipment, n—act or process of transporting tangible
directions on how to complete or conduct movements,
property from one person, organization, or entity to an offsite
shipments, or transfers.
location.
1.6 For the purpose of clarification and communication,
3.1.4 shipping document, n—any document created to ac-
shipment and movement are considered two different activities
in this practice. complish the shipment of tangible property, for example, entity
specific forms, commercial or government bills of lading,
1.7 The values stated in SI units are to be regarded as
client specific forms, government specific forms, etc., and used
standard. No other units of measurement are included in this
to update and support records established and maintained for
standard.
management and audit purposes.
1.8 This standard does not purport to address all of the
3.1.5 transfer, n—conveyance of right, title, interest, or
safety concerns, if any, associated with its use. It is the
obligation in tangible property from one person, organization,
responsibility of the user of this standard to establish appro-
or entity to another and can occur with or without financial
priate safety and health practices and determine the applica-
obligation or physical movement.
bility of regulatory limitations prior to use.
3.1.6 transfer document, n—any document created to autho-
2. Referenced Documents
rize or reference proper authorization for a transfer and record
the transfer of tangible property, for example, entity specific
2.1 ASTM Standards:
E2135 Terminology for Property and Asset Management forms, client specific forms, customer specific forms, etc., and
used to update and support records established and maintained
for management and audit purposes.
This practice is under the jurisdiction of ASTM Committee E53 on Asset
4. Summary of Practice
Management and is the direct responsibility of Subcommittee E53.01 on Process
Management.
4.1 This practice establishes definitions and clarification
Current edition approved Oct. 1, 2010. Published November 2010. DOI:
10.1520/E2671-10.
about property movements, shipments, and transfers both
For referenced ASTM standards, visit the ASTM website, www.astm.org, or
within an entity and externally to other entities while support-
contact ASTM Customer Service at service@astm.org. For Annual Book of ASTM
ing the goals and mission of any entity responsible for tangible
Standards volume information, refer to the standard’s Document Summary page on
the ASTM website. property.
Copyright © ASTM International, 100 Barr Harbor Drive, PO Box C700, West Conshohocken, PA 19428-2959. United States
E2671 − 10
4.2 This practice enables property management personnel to 5.2.1 A shipment of property from one facility or site to
understand and distinguish the differen
...
Questions, Comments and Discussion
Ask us and Technical Secretary will try to provide an answer. You can facilitate discussion about the standard in here.