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L2 Document: A type of authorization document to be owned by foreign logistics operators under the Road Transportation Act. These remain valid for five years, provided these have not violated the provisions of the law.
Lading: The cargo carried in the transportation vehicle
Laid-down cost: Sum of the cost of the product and of transport. The laid-down costs are useful when comparing the total cost of a product shipped from different sources of production with the point of use of a consumer.
Land Bridge: The ship-rail-ship movement of containers on Japan-to-Europe moves; the ships transfer containers to the United States. Pacific Coast, rails are carrying containers to an East Coast port, and ships are shipping containers to Europe.
Land Grants: Grants of land given to railroads during their development phase to build tracks.
Landed cost: Material costs plus associated logistics costs, such as storage, warehousing, handling, etc. Net Landed Costs also called Total Landed Cost.
Lash Barges: Covered barges that carriers load for movement to foreign destinations on board oceangoing ships.
LASH Lighter abroad ship: The name of a type of vessel carrying uniform pushed barges is Lighter Aboard Ship. The pushed barges, which can weigh up to 600 tons when loaded, are loaded and unloaded on board the ship using a heavy-duty gantry crane. When they are loaded into the water, the pushed barges are interlinked to form large pushed convoys.
LASH vessel: A ship measuring at least 820 feet long with a deck crane capable of loading and unloading barges through a portion of the stern extending over the water. The acronym LASH stands for Aboard Ship Lighter (barge).
Lashing and securing: Lashing and securing is mounting the cargo on or in a container with wood, chains or other materials to secure and seaworthily stuff the cargo.
LayCan Laydays and Cancelling clause: The distance that consists of the days ships are allowed to stay at docks for loading or unloading.
Laytime: Laytime is discharge time at Charterers for loading/discharging purposes.
LBM Lock and Bridge Management: A computerized device that transmits information regarding logistics electronically.
LCL Less than-carload and less-than-Containerload: The carrying of a shipment in the container with other goods is referred to as LCL. Thus several LCL shipments can be placed in a single container with different Bills of Lading and different owners. Every room used in the container undergoes a charge.
LDI Logistics Data Interchange
Lead Logistics Provider (LLP): An organization, which organizes other logistics partners from third parties to outsource logistics functions.
Lee: lee is the side sheltered from the wind
Leeward: Leeward is the direction away from the wind. Opposite of windward.
Leeway: Leeway is the ship’s sideways turn, caused by wind or current.
Leg: A leg has its origin, destination, and carrier, and is made up of all consecutive parts of a route booked through the same carrier; Also known as Bookable Leg.
Less than Container Load: A term used when products do not consume a whole container entirely. When many products of the shipper occupy one container, the shipment of each shipper shall be considered as LCL.
Less than Truckload (LTL) carriers: Trucking companies using a network of terminals and exchange points to combine and move smaller (less than truckload) freight shipments.
Less than truckload: Trucking companies consolidating and transporting smaller (less than truckload) freight shipments by using a terminal network and relay point
Letter of Indemnity: A letter of insurance (LOI) is a document that the shipper indemnifies the shipping company against the consequences of lawsuits that may result from issuing a clean Bill of Lading when the goods were not loaded in compliance with the Bill of Lading definition.
LIFO last in first out
LIFO Linear In/ free out: LIFO (Liner In / Free Out) is FILO in reverse. In the case of LIFO, the freight cost requires the loading of the goods into the container, while unloading is not. In this case, the purchaser of the goods must pay separately for unloading from the ship at the place of destination.
Lift on, lift off(LO/LO): A process by which loading and unloading of cargo from an ocean vessel, which in this case is with a crane.
LILO Linear In/ linear out: The freight rate covers both the loading and unloading of the cargo in and out of the container.
Lifting: A special container chassis can be used to lift containers onto the table. This is achieved in a horizontal or inclined manner. The great advantage of horizontal shifting is that the cargo from the containers will not move. The cargo will move to the rear of the container when lifted on a tilt. Thus containers are never lifted with the container doors facing back or down
Lighter: A barge is a small vessel which transfers goods from / on a large vessel. In fact, the large vessel can not enter a river or canal.
Lighterage: The cost of loading or unloading a vessel by means of barges.
Liner terms: The Full Liner Terms are the terms of transportation of goods by sea. From the shipping company’s point of view they convey what is and what is not included in the freight cost. The freight cost under Full Liner Terms involves packing, lashing, trimming (if any), shipping itself and unloading the cargo.
Liner’s haulage: The transport of Liner is the preliminary and actual transport of a container which is carried out by the shipping company itself is referred to as the transport of liner.
Line-haul shipment: A shipment which travels more than 100 to 150 miles in length between cities and over distances.
Line Service: International water carriers that ply on reported schedules fixed routes.
Link: In a logistics system, a company uses the transport method to link nodes (plants, warehouses).
Live: A condition where the operator of the equipment stays with the truck or boxcar while it is being loaded or unloaded.
Load factor: A calculation of operational effectiveness used by air carriers to assess the percentage of capacity used by an aircraft, or the number of passengers divided by the total number of seats.
Load line: Internationally recognized thread, drawn along a vessel’s side. When filling a vessel, it is not allowed to exceed the line by the water level. Given the temperature of the water, the salt content of the water and the season, the water will reach different levels as opposed to the wall.
Load tender (Pick-up request): An bid by a shipper for freight transportation. The language of load tendering is used mainly in the motor industry.
Load tendering: The process of providing detailed details to a carrier and negotiated pricing (the tender) before pick-up date. This practice will help to ensure compliance with contracts and encourage automatic payments (self-refund).
Loading: Secure loading of goods for transport onto a vehicle such as a train, truck etc.
Loading Allowance: A reduced rate offered by carriers to shippers and/or consignees who load and/or unload shipments from LTL or Any Quantity.
Loading meter: A loading meter is the equivalent of 1 linear meter of truck loading space. It is used as a measurement unit for goods that cannot be stacked or are not permitted to stack or on top of such goods, compensating for any volume lost.
Loading Port: The port where the cargo is loaded onto the vessel for shipment. This port must be stated on the Declaration of Shipment of the Shipper, Schedule D. Schedule D is used by U.S. companies when exporting to decide which tariff is used to rate the freight for carriers with more than one tariff.
Local rate: A rate published by one carrier, served between two locations.
Local Service Carriers: A grouping of air carriers operating between less populated areas and the key centers of population. For connect with major carriers, these carriers feed passengers into the major cities. Local carrier service is now known as national carrier.
Logistics: The method of preparing, implementing and monitoring procedures for the effective and secure storage of goods, services and related information from the point of origin to the point of consumption for the purpose of complying with customer needs. Contains inbound, outbound, local, and outbound movements.
Logistics Channel: The supply chain network of participants involved in storage, handling, transfer, transportation and communications functions which contribute to the efficient flow of goods.
Logistics Costs: The factors relating to the production, handling, transportation and disposal of goods.
Long ton: 2,240 pounds.
Lot Size: The quantity of goods that a business is purchasing or manufacturing in anticipation of future use or sale.
Lower Deck: Compartments on an aircraft’s lowest or lower cargo holding area. This is underneath where passengers are sitting.
LTL shipment: A shipment less than a truck, one which weights less than the minimum weight that a company needs to use the lower truck load limit.
Lumping: When a driver helps load and unload the contents of the trailer.
Lumpsum freight: Lumpsum freight is the money paid to the shipper for a ship’s charter (or portion) to the stated amount, irrespective of the quantity of the freight.