International Shipping Terminologies - L

Laden: Loaded aboard a vessel.

Refers to the freight shipped. The contents of a shipment.

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.

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.

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.

Refers to carriage of goods by lighter and the charge assessed thereafter.

A vessel sailing between specified ports on a regular basis.

Transportation from one city to another as differentiated from local switching service.

The amount in degrees that a vessel tilts from the vertical.

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.

The freight in a vehicle or container.

Load Ratio:
The ration of loaded miles to empty miles per tractor.

Long Ton:
2,240 pounds.

Individual employed locally in a port to load and unload ships.

Without packing.

A trailer or semi-trailer with no sides and with the floor of the unit close to the ground.