Lexicon
L
| Term | Definition |
|---|---|
| L.S. |
Lumpsum (alternative for LPS) |
| L/C |
Letter Of Credit |
| LANE METER |
A method of measuring the space capacity of Ro/Ro ships whereby each unit of space (Linear Meter) is represented by an area of deck 1.0 meter in length x 2.0 meters in width |
| LASH |
To hold goods in position by use of Ropes, Wires, Chains or Straps etc |
| LAT |
Latitude. The distance north or south of the equator measured and expressed in degrees |
| LAYCAN |
Laycan (Layday Cancelling Date) |
| LAYTIME |
Time at Charterers disposal for purpose of loading / discharging |
| LC |
Loading Capacity |
| LCL |
Less than Container Load - a shipment that takes up only a portion of a consolidated container. LCL shpts are to be picked up at a CFS only, whereas FCL are to be picked up at a container yard / terminal |
| LCR |
Lowest Current Rate |
| LDN |
Laden |
| LEE |
The side sheltered from the wind |
| LEEWARD |
The direction away from the wind. Opposite of windward |
| LEEWAY |
The sideways movement of the ship caused by either wind or current |
| LF |
Load Factor. Percentage of cargo or passengers carries e.g. 4,000 tons carried on a vessel of 10,000 capacity has a load factor of 40% |
Certified
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