Logistic terms
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L/C
Letter of Credit
Letter of Credit
Label
Slip of e.g. paper or metal attached to an object to indicate the nature, ownership, destination, contents and/or other particulars of the object. Bar CodingDangerous Goods DeclarationOverpackShipping Label
Slip of e.g. paper or metal attached to an object to indicate the nature, ownership, destination, contents and/or other particulars of the object. Bar CodingDangerous Goods DeclarationOverpackShipping Label
Laden Vessel
Loaden Vessel
Loaden Vessel
Land Bridge
Movement of goods from one port to another partially by land and partially by water, as a substitute for all-water transport.
Movement of goods from one port to another partially by land and partially by water, as a substitute for all-water transport.
Lash
To hold goods in position by the use of e.g. wires, ropes, chains and straps. Lighter Aboard Ship
To hold goods in position by the use of e.g. wires, ropes, chains and straps. Lighter Aboard Ship
Lashing Point
Point on a means of transport to which wires, chains, ropes or straps, which are used to hold goods in position, are attached.
Point on a means of transport to which wires, chains, ropes or straps, which are used to hold goods in position, are attached.
Last Carrier
Participating airline over which air routes the last section of carriage under the Air Waybill is undertaken or performed.
Participating airline over which air routes the last section of carriage under the Air Waybill is undertaken or performed.
Last in/First out
Abbreviation: LIFO. Method of which the assumption is that the most recently received (last in) is the first to be used or sold (first out).
Abbreviation: LIFO. Method of which the assumption is that the most recently received (last in) is the first to be used or sold (first out).
Latitude
Angular distance of a position on its meridian north or south from the equator, measured in degrees.
Angular distance of a position on its meridian north or south from the equator, measured in degrees.
Lay Days
Number of days allowed in a charter party for the loading and discharging of cargo. Lay days may be indicated in different ways, e.g. consecutive days, working days, weather working days.
Number of days allowed in a charter party for the loading and discharging of cargo. Lay days may be indicated in different ways, e.g. consecutive days, working days, weather working days.
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