Laden: Loaded aboard a vessel.
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.
