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Shipping Glossary

Shipping Glossary

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

LBP

Length between perpendiculars

LDSS

logistics decision support systems

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

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