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Glossary

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Glossaries

Term Definition
L/C
Letter of Credit
Hits: 170
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.
Hits: 987
LASH
To hold goods in position by use of Ropes, Wires, Chains or Straps etc.
Hits: 165
LAT
Latitude. The distance north or south of the equator measured and expressed in degrees.
Hits: 180
LAYCAN
Laycan (Layday Cancelling Date)
Hits: 196
LAYTIME
Time at Charterers disposal for purpose of loading/discharging
Hits: 171
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.
Hits: 180
LCR
Lowest Current Rate
Hits: 96
LEE
The side sheltered from the wind
Hits: 167
LEEWARD
The direction away from the wind. Opposite of windward
Hits: 159
LEEWAY
The sideways movement of the ship caused by either wind or current
Hits: 188
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%
Hits: 188
LIEN
Retention of property until outstanding debt is paid
Hits: 175
LNG
Liquefied Natural Gas
Hits: 93
LOA
Length Overall of the vessel
Hits: 191

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
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