Glossary of Shipping Terms:
" L " (page-3)
Load
Quantity or nature of what is being carried. This term normally refers to transport by truck.
Load Factor Management
The process of maximising the utilisation of the (slot) capacity of vessels and or other means of transport.
Loaden Vessel
Vessel where cargo has been put on board.
Loading
The process of bringing cargo into a means of transport or equipment.
Loading Platform
A flat surface to facilitate loading usually alongside a warehouse.
Loadmaster
A load-calculator designed for a vessel approved by a classification bureau for the calculation of the vessels stability.
Local Charge
See: On-line Charge
Local Rate
See: On-line Rate
Locating Pin
See: Cones
Location
- Any named geographical place, recognised by a competent national body, with permanent facilities used for goods movements associated with international trade, and used frequently for these purposes.
- Geographical place such as a port, an airport, an inland freight terminal, a container freight station, a container yard, a container depot, a terminal or any other place where customs clearance and/ or regular receipt or delivery of goods can take place.
- An area (e.g. in a warehouse) marked off or designated for a specific purpose.
Lock
For marine purposes: A space, enclosed at the sides by walls and at each end by gates, by which a vessel can be floated up or down to a different level.
Locker
A compartment, in a shed or on board of a vessel, used as a safekeeping place to stow valuable goods, which can be secured by means of a lock.
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Log Book
The daily report, authenticated by the master of all events and other relevant particulars of a vessel, attested by the proper authorities as a true record.
Logistics (CEN)
The planning, execution and control
- of the movement and placement of people and/or goods
- and of the supporting activities related to such movement and placement within a system organised to achieve specific objectives.
Logistics Chain
All successive links involved in the logistic process.
Longitude
The angular distance of a position on the equator east or west of the standard Greenwich meridian up to 180o east or west.
Lorry
Motor truck used for transport of goods.
Note: Motor truck is an American term. British synonym for motor truck is Heavy Goods Vehicle. This British term means any vehicle exceeding 7.5 metric tons maximum laden weight.
Luffing Crane
A crane with which the load can be moved to or from the crane horizontally.
Luggage
Travellers' baggage, suitcases, boxes etc., normally accompanied by a passenger.
Lump-sum
An agreed sum of money, which is paid in full settlement at one time. This term is often used in connection with charter parties.
Lump-sum Charter
A voyage charter whereby the shipowner agrees to place the whole or a part of the vessel's capacity at the charterer's disposal for which a lump- sum freight is being paid.
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