Cargo requiring a label according to the provisions of the International Maritime Dangerous Goods Code.
Land Bridge (US)
Containers being shipped from a foreign country by ship and subsequently carried to its final destination inland USA by rail or by truck.
Holding cargo into position by the use of securing device such as wire, ropes, lines, chains and straps.
A container consolidated with cargo from numerous shippers with the same destination, When many shipper's goods occupy a single container, each shipper's shipment is considered to be LCL.
Letter of Credit (LC)
Document issued by a bank per instructions of a buyer of goods, authorising the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time.
Letter of Indemnity (LOI)
a) Delivered by a Shipper : Document delivered to Carrier in which the former undertakes to the ladder not to make a claim if the goods are damaged. b) Delivered by a Receiver or the entitled Person : Document delivered to the carrier to obtain delivery of the goods without remittance of Bill of Lading.
Limitation of liability
Maximal indemnity per package or per kilo payable by the carrier to the holder of the Bill of Lading, in compensation of damages to goods. This limitation depends on the applicable Cargo Convention.
Maritime portion of a route of a Vessel which covers the greatest distance of a voyage, usually across an ocean.
Terms indicating if handling at port of loading and/or port of discharge is included in the freight.
Abbreviation for "Liquefied Natural Gas".
Abbreviation for "Length Overall of the Vessel".
The process of planning, implementing, and controlling procedures for the efficient and effective storage of goods, services, and related information from the point of origin to the point of delivery for the purpose of conforming to customer requirements.
Long Ton (LT)
1 Long Ton = 2,240 pounds.
US term to designate a terminal operator.
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