Glossary: L

Liquefied Natural Gas (LNG) is a natural gas that has been converted into its liquid form. To do this, the gas is cooled to approximately -162°C, at which point it becomes a clear...

Lift On/Lift Off (LO/LO) refers to a charge for lifting a container on and off a vessel or train....

A letter of indemnity (LOI) is a contractual document between two parties, which guarantees certain provisions will be met....

A letter of credit (L/C) is a in which the terms of documentary credit transactions are set out....

Less that Truck Load (LTL) is a carrier freight from several customers in a single truckload. This consolidation enables importers to ship smaller amounts therefore avoid excess ca...

When a shipment is too small to fit into a container, it is operating at a less than container load (LCL). The carrier will group the shipment at the CFS depot with other compatibl...