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Shipping Glossary

Shipping Glossary

KTH

KOREA TERMINAL HANDLING CHARGE (TERMINAL HANDLING CHARGE FOR CFS TERM CARGO)

KWL

Construction Water Line. Parameter of marine engineering which the engineer must consider for the construction of the ship

KWZ

Low Water Surcharge. Freight additional used for inland navigation if the water level is so low that the ship's capacity cannot be fully used

L.A.

Letter of Authority

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

L.T.L.

Less than truckload. The quantity of freight less than that required for the application of a truckload rate

L/Com

Letter of commitment

Laden

Loaded aboard a vessel

Lading

Refers to the freight shipped. The contents of a shipment

LAF

LICENCE ADMINISTRATIVE FEE

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