Glossary Of International Shipping Terms: L
L.C.L.
Less than Container Load. Cargo in quantity less than required for the application of a container load rate.
LCL/FCL
See “CFS/CY”.
LCL/LCL
See “CFS/CFS”.
Lashing
Support for cargoes inside a container or a cargo hold to ensure that they are secured and will not be subject to rolling during the voyage from origin to destination.
Late-Come
It is a term used in the liner industry when extensions are being given to the shippers against the official CY or CFS Closing date and time which carriers publish to the trade.
Letter of Indemnity
Guarantee from the shipper or consignee to indemnify carriers or forwarders for costs and/or loss, if any, in order to obtain favourable action by carriers or forwarders. It is customary practice for carries and forwarders to demand letters of indemnity from consignees for taking delivery of cargoes without surrendering bill of lading which has been delayed or is lost.
Lien
A legal claim upon goods for the satisfaction of some debt or duty.
Lift-On/Lift-Off (LO-LO)
A container ship onto which containers are lifted by crane.
Lighter
An open or covered barge towed by a tugboat and used mainly in harbours and inland waterways.
Lighterage
Refers to the carriage of cargoes by lighter and the charge assessed therefore.
Liner
Vessel plying a regular trade/defined route against a published sailing schedule.
Liner Terms
Freight includes the cost of loading onto and discharging from the vessel.
Lloyds' Registry
An organization maintained for the surveying and classing of ships so that insurance underwriters and others may know the quality and condition of the vessels offered for insurance or employment.
Load Factor
Percent of loaded containers against total capacity of vessel or allocation.
Locking Bar
Device that secures container doors at top and bottom.
Long Ton
2,240 pounds.
Longshoreman
Workers employed in the terminals or quays to load and unload ships. They are also known as “Stevedores”. Loop A particular service of any Consortium or Carrier among various ports of calls, with the objective of creating a niche in the market for the first port of discharge.
Loose
Without packing.
Low-Bed
A trailer or semi-trailer with no sides and with the floor of the unit close to the ground.
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