Glossary » L-R

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Less than Container Load Abbreviation: LCL. A general reference for identifying cargo in any quantity intended for carriage in a container, where the Carrier is responsible for packing and/or unpacking the container. For operational purposes a LCL (less than full container load) container is considered a container in which multiple consign
Letter of Credit Abbreviation: L/C. A written undertaking by a bank (issuing bank) given to the seller (beneficiary) at the request, and on the instructions of the buyer (applicant) to pay at sight or at a determinable future date up to a stated sum of money, within a prescribed time limit and against stipulated documents.
Letter of Indemnity Document in which one party undertakes to compensate and protect another from liability for the performance and for the costs and consequences of carrying out a certain act. The issue of a letter of indemnity is sometimes used in order to allow consignee to take delivery of goods without surrendering Original Bill of Lading which has been delayed or become lost.
Lien A legal claim upon real or personal property to pay a debt or duty.
Liner In Free Out Abbreviation: LIFO. Transport condition denoting that the freight rate is inclusive of the sea carriage and the cost of loading, the latter as per the custom of the port. It excludes the cost of discharging.
Mate’s Receipt A document signed by the chief officer of a vessel acknowledging the receipt of a certain consignment on board of that vessel. On this document, remarks can be made as to the order and condition of the consignment.
Merchant Haulage Inland transport of cargo in shipping containers arranged by the Merchant. It includes empty container-moves to and from hand-over points in respect of containers released by the Carrier to Merchants. Note: Carrier’s responsibility under the Bill of Lading does not include the inland transport stretch under Merchant Haulage.
Net Weight The weight of the goods, including all packing but excluding the carrier’s equipment.
Non Vessel Operating Common Carrier Abbreviation: NVOCC. A party who undertakes to carry goods and issues his own name Bill of Lading for such carriage, without having the availability of any own means of transport.
Notify Party The party to be notified of arrival of goods
On carriage The carriage of containers by any mode of transport to the place of delivery after the discharge from the ocean vessel at the port of discharge.
Open Top Container A freight container similar in all respect to a general purpose container except that it has no rigid roof but may have a flexible and movable or removable cover, for example one made of canvas or plastic or reinforced plastic material normally supported on movable or removable roof bows.
Out of Gauge Cargo Cargo which dimensions are exceeding the normal dimensions of a 20 or 40 feet container, e.g. overlength, overwidth, overheight, or combinations thereof.
Outsider A carrier, which operates on a route served by a liner conference but which is not a member of that conference.
Palletwide container A container that is designed to carry (Euro pallets (1x1.2 m or 1.2x 0.8m) with minimal loss of space.
Panamax Size The maximum measurements and dimensions of a vessel capable to pass the Panama Canal (33 metres).
Pilot Local expert advising a vessel’s captain on safe navigation in those areas where the captain is ignorant of local circumstances or where it is obligatory to take a pilot.
Place of Delivery The location where a consignment (shipment) is delivered to the consignee viz. the place where the carrier’s liability ends for the transport venture.
Place of Receipt The location where a consignment (shipment) is received by the carrier from the shipper viz. the place where the carrier’s liability the transport venture commences.
Pool The shared use of an equipment by a number of companies, which make together the investments in the equipment mentioned.
Port of Call Place where a vessel actually drops anchor or moors during a certain voyage.
Port of Discharge The port where the cargo is actually unloaded from the vessel.
Port of Loading The port where the cargo is actually loaded on the vessel.
Pre-trip Inspection Abbreviation: PTI. A technical inspection of Reefer containers prior to positioning for stuffing.
Pre-carriage The carriage of containers by any mode of transport from the place of receipt to the port of loading on the ocean vessel.
Principal Person for whom another person acts as agent.
Project Cargo Quantity of goods connected to the same project and often carried on different moments and from various places.
Quarantine The period during which an arriving vessel, including its equipment, cargo, crew or passengers, suspected to carry or carrying a contagious disease is detained in strict isolation to prevent the spread of such a disease.
Quay (= Pier) Part of a wharf which is intended for the mooring of vessels.
Quotation Amount stated as the price according to tariff for certain services to be provided or issued to a customer with specification on conditions for carriage.
Ramp An artificial inclined path, road or track along which wheeled vehicles, cargo and trailers may pass for the purpose of changing their elevation and facilitating the loading and unloading operation (e.g. an entrance way into a roll-on Roll-off vessel).
Reefer Cargo Cargo requiring temperature control.
Reefer Container A thermal container with refrigerating appliances (mechanical compressor unit, absorption unit etc.) to control the temperature of cargo.
Roll-on Roll-off Abbreviation: RoRo. System of loading and discharging a vessel whereby the cargo is driven on and off by means of a ramp.
Routing The determination of the most efficient route(s) that people, goods, materials and or means of transport have to follow.

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