ABBREVIATION |
MEANING |
LANE METER |
A method of measuring the space capacity of Ro/Ro ships
whereby each unit of space (Linear Meter) is represented by an
area of deck 1.0 meter in length x 2.0 meters in width. |
LASH |
To hold goods in position by use of Ropes, Wires, Chains or
Straps etc. |
LAT |
Latitude. The distance north or south of the equator
measured and expressed in degrees. |
LAYCAN |
Laycan (Layday Cancelling Date) |
LAYTIME |
Time at Charterers disposal for purpose of
loading/discharging |
L/C |
Letter of Credit |
LCR |
Lowest Current Rate |
LEE |
The side sheltered from the wind |
LEEWARD |
The direction away from the wind. Opposite of windward |
LEEWAY |
The sideways movement of the ship caused by either wind or
current |
LF |
Load Factor. Percentage of cargo or passengers carries e.g.
4,000 tons carried on a vessel of 10,000 capacity has a load
factor of 40% |
LIEN |
Retention of property until outstanding debt is paid |
LNG |
Liquefied Natural Gas |
LOA |
Length Overall of the vessel |
LOAD LINE |
SEE PLIMSOLL LINE |
|
LOF |
Lloyds Open Form |
LOG |
A record of courses or operation. Also, a device to measure
speed |
LOI |
Letter of Indemnity |
LONGITUDE |
The distance in degrees east or west of the meridian at
Greenwich, England |
LOW |
Last Open Water |
LS (or LUMPS) |
Lumpsum Freight. Money paid to Shipper for a charter of a
ship (or portion) up to stated limit irrespective of quantity
of cargo |
LSD |
Lashed Secured Dunnaged |
LT1 |
Liner Terms |
LT2 |
Long Ton = 1,016.05 kilogram (2,240 lbs) |
LTHH |
Liner Terms Hook/Hook |
LW |
Low Water |
LYCN |
Laycan (Layday Cancelling Date) |
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