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Glossary

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Glossaries

Term Definition
L/C
Letter of Credit
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
LCL
Less than Container Load - a shipment that takes up only a portion of a consolidated container. LCL shpts are to be picked up at a CFS only, whereas FCL are to be picked up at a container yard/terminal.
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

Clients and Services

IFA offers services that cover efficiently any need for transport by sea or by land, from machinery to complete 'hi-tech, from food to chemicals.

IFA

IFA has been operating since 1982 in the field of international shipping has always been pursuing a business strategy that focuses on the development of the service the client's business.

IFA International Forwarding Agent SRL | Via Cristoforo Colombo 6, 20066 Melzo (Milan) | Phone +39.02.95736765 - Fax +39.02.95737443 | p.iva IT04804330159