 |
Landbridge
|
Substitution of rail for ocean movements between U.S. ports.
|
|
L.C.
|
Letter of credit. 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. Secondary party accepts responsibility and meets the demands stated in the letter of credit.
|
|
L.C.L.
|
Less than containerload. Usually LCL cargo is consolidated with other small lots for shipment by container.
|
|
L.T.L.
|
Less than truckload. The quantity of freight less than that required for the application of a truckload rate.
|
|
Letter of credit
|
An instrument of payment, issued by the buyer’s bank, that assures payment to the seller.
|
|
Load
|
The freight in a vehicle or container.
|
|
Longshoreman
|
Individual employed locally in a port to load and unload ships.
|
|
Return
to Top
|
