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HomeL-O SHIPPING TERMS

 

Definitions



L/C


Abbreviation for Letter of Credit. Please refer Letter of Credit.

Laden


Burdened, carried or loaded (usually heavily).

Land


Refers to freight transported by road or rail.

Lashing


To secure or fasten cargo with rope, cord or wire.

Lbs


Abbreviations for pounds. Please refer pounds.

LCT


Lyttelton Container Terminal.

Lbs


Pounds. 1lbs = 0kg 453.59g.

LCL


Less Than Container Load. Consolidated containerised sea freight.

LD3


Lower Deck Type 3 freight container commonly used in passenger planes.

Letter Of Credit


An official bank document authorising freight payment (in credit) if specified terms and conditions are fulfilled.

Line Haul


The transport of cargo between two major long distance ports or cities.

Liner


A plane or ship owned and operated by an airline or shipping line.

Litre


1 litre = 0.2641724155846 gallons.

Logistics


End to end transport management, from origin to final destination.

LOA


Length Overall. Total length of a ship’s hull.

Lower Deck


The deck or compartment below the main deck, within the hull of the ship or vessel.

LT


Long Ton. 1lt = 2,239.9999999978495lbs.

Lumber


Sawed timber prepared for use and market.

MAF


Ministry of Agriculture and Forestry (New Zealand). MAF is now a part of the MPI.

Main Deck


Running the full length of a large ship, the main deck is the uppermost platform immediately above the hull.

Manifest


Please refer Cargo Manifest.

Marks & Numbers


Numbers identifying a package or sea container.

Marine Cargo Insurance


Issued by an Insurance Company, Marine Cargo Insurance is a guarantee of compensation for goods should they be lost, damaged or adversely delayed while at sea, subject to specified criteria, terms and conditions.

MAWB


Master Airway Bill.

Metres (m)


1m = 39.36in, or 3.28ft.

Miles (mi)


1mi = 1.609344km.

Mixed Shipment


A shipment of goods and merchandise consisting of two or more commodities and charged separate tariff rates.

MPI


Ministry for Primary Industries (New Zealand).

MSC


Mediterranean Shipping Company (shipping line).

MT


Metric Ton. 1mt = 1t, or 1,000 kgs.

Navigation


In shipping, navigation is the act of planning or plotting of a vessel’s route including chart, tidal, current, weather, and draught considerations.

NOE


Not Otherwise Enumerated.

NOIBN


Not Otherwise Indexed By Name.

NOS


Not Otherwise Stated.

Notify Party


Appearing on the bill of lading or waybill, the notify party is the person or company who is to be notified when freight arrives at destination.

NVD


No Value Declared.

On Deck Stowage


Cargo that is stowed on the deck of a ship.

On-Time Performance


Schedule adherence success rate.

Order Cycle


The process and duration of an order, from placement to receipt of goods.

Origin


Additionally referred to as ‘place of origin’, the origin is a shipment’s commencement location (i.e. specific address, port, city or country).

On Board


Cargo loaded aboard a train, ship, vehicle, or aircraft.

Open Top Container


A shipping container with a removable top or canopy for overhead loading and unloading.

Ounce (oz)


1oz = 28.3495g.

Out of Gauge (OOG)


Cargo that does not match standard dimensions.

Outbound


An export of goods.

Outsourced


Hired third-party service provider.

Over Land


Cargo transported by road or rail.

Overcharge


Charges exceeding published and agreed rates.

Oversize


1. Large cargo which exceeds standard dimensions and may require specialised equipment for transport, loading and unloading.
2. A laden road vehicle that exceeds regular maximum width, height or length limits which may require special government permits, licensing, signage (ie marked ‘oversize’) and escort pilot vehicle in order to transport.