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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 | |
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
|
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.