Lading: Refers to the
freight shipped. The contents of
a shipment.
Landbridge: Movement of
cargo by water from one country
through the port of another
country, then using rail or
truck, to an inland point in
that country or to a third
country. (Example: a through
movement of Asian cargo to
Europe across North America.)
Landed Cost: The total
cost of a good to a buyer,
including the cost of
transportation.
Landing Certificate:
Certificate issued by consular
officials of some importing
countries at the point or place
of export when the subject goods
are exported under bond.
Landing Gear: A support
fitted on the front part of a
chassis (which is retractable).
It is used to support the front
end of a chassis when the
tractor has been removed.
LASH (Lighter Aboard Ship):
A specially constructed vessel
equipped with an overhead crane
for lifting custom designed
barges and stowing them into
cellular slots in an athwartship
position.
L.C.L.: Less than
containerload. The quantity of
freight which is less than that
required for the application of
a container load rate. Loose
freight.
Letter of Credit (L/C): A
document, issued by a bank per
instructions by a buyer of
goods, authorizing 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. Secondary party accepts
responsibility and meets the
demands stated in the letter of
credit.
Lighter: An open or
covered barge towed by a tugboat
and used mainly in harbors and
inland waterways to carry cargo
to/from alongside a vessel.
Lighterage: Refers to
carriage of goods by lighter and
the charge assessed thereafter.
Liner: A vessel sailing
between specified ports on a
regular basis.
Line-Haul: Transportation
from one city to another as
differentiated from local
switching service.
List: The amount in
degrees that a vessel tilts from
the vertical.
L.T.L.: Less than
truckload. The quantity of
freight less than that required
for the application of a
truckload rate.
Litre/Liter: 1.06 liquid
US quarts or 33.9 fluid ounces.
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: The freight in a
vehicle or container.
Load Ratio: The ration of
loaded miles to empty miles per
tractor.
Long Ton: 2,240 pounds.
Longshoreman: Individual
employed locally in a port to
load and unload ships.
Loose: Without packing.
Low-Boy: A trailer or
semi-trailer with no sides and
with the floor of the unit close
to the ground.
