Shipping Glossary
LandbridgeMovement 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 CostThe total cost of a good to a buyer, including the cost of transportation |
Landing CertificateCertificate issued by consular officials of some importing countries at the point or place of export when the subject goods are exported under bond |
Landing GearA 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 |
LBPLength between perpendiculars |
LDSSlogistics 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 |
LighterAn open or covered barge towed by a tugboat and used mainly in harbors and inland waterways to carry cargo to/from alongside a vessel |
LighterageRefers to carriage of goods by lighter and the charge assessed thereafter |