| L |
| A | B | C | D | E | F | G | H | I | K-L | M | N | O | P | Q-R | S | T | U-Z
|
| L/B |
Land Bridge. |
| L/C |
Letter of Credit. |
| Lash
Down |
A method of securing cargo inside the hold
or on deck of a vessel. Usually done with cables. |
| LBS |
Pounds. |
| LCL |
Less than Container Load. |
| Letter
of Credit |
The Letter of Credit is a financial Instrument
issued by an importer's bank (opening bank, on behalf of the
importer). The opening bank substitutes its own credit for that
of the importer, and undertakes a commitment to designated beneficiary
(the exporter) to pay a stated amount within a stated time frame,
provided that the exporter complies with all the terms and conditions
of the Letter of Credit. |
| Limits
of Liability |
The extent to which carrier is liable for
loss or damage to a particular shipment. |
| Loss
and Damage Claim |
This document is used to claim insurance
compensation for goods lost or damaged during exportation. The
items lost or damaged must be fully described. Supporting documentation
would include copies of the Commercial Invoice, Bill of Lading,
and Insurance Certificate. |
| LRD |
Last Receiving Date. |
| LT |
Long Ton (2,249 Pounds). |
LTL
 |
Less than Trailer Load. |
