行業知識

L/C Abbreviation for "Letter of Credit."

 

Laden Loaded aboard a vessel.

 

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.

 

LCL Abbreviation for "Less than Container Load." The quantity of freight which is less than that required for the application of a container load rate. Loose Freight.

 

Less Than Truckload Also known as LTL or LCL.

 

Letter of Credit (LC) 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. Some of the specific descriptions are:

 

Back-to-Back: A new letter of credit issued to another beneficiary on the strength of a primary credit. The second L/C uses the first L/C as collateral for the bank. Used in a three-party transaction.

 

Clean: A letter of credit that requires the beneficiary to present only a draft or a receipt for specified funds before receiving payment.

 

Irrevocable: An instrument that, once established, cannot be modified or cancelled without the agreement of all parties concerned.

 

Letter of Indemnity In order to obtain the clean bill of lading, the shipper signs a letter of indemnity to the carrier on the basis of which may be obtained the clean bill of lading, although the dock or mate's receipt showed that the shipment was damaged or in bad condition.

 

Licenses -Some governments require certain commodities to be licensed prior to exportation or importation. Clauses attesting to compliance are often required on the B/L. -Various types issued for export (general, validated) and import as mandated by government(s).

 

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 there from.

 

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

 

Liquidated Damages The penalty a seller must pay if the construction project does not meet contractual standards or deadlines.

 

Long Ton 2,240 pounds

 

Loose Without packing.