GLOSSARY
Landing: Landing (of persons). Unloading (of commodities). Lashing: Tight moorage of the cargo on the deck or cellar of the ship or airship, so it remains safe during the travel. The material used for such purpose. Lay day - Laytime: Demurrage, demurrage time, the term stipulated in a freightage operation as per travel, during which the freighter shall normally undertake the loading or unloading operations of the ship, without having to pay for demurrage to the shipowner. L/C: Letter of credit: Payment order that the importer contract before a bank, on behalf of the exporter. LCL: Less than container load, however the term is used when the container is partially stuffed by the shipowner with the batch of the shipper (together with others), and delivered at the destination also by the shipowner, it being the costs paid in both cases by the shipper and consignee, respectively. LES: Logistics execution systems. Liner Terms: Term of maritime transport contract through which the freight includes all the loading, stowage and unloading expenses of the commodity, i.e. all that paid by the shipowner. LIS: Logistics information system. LLP - Lead Logistics Provider: Leading supplier of logistic services, this is an organization that handles the total management of logistic services for a company, aggregating and coordinating the services of multiple suppliers of logistic services. It is fully responsible for the logistic operation before the client and acts as a simple and single point of contact between client/services. Loading: Loading, shipment of a load. Logistics: This is the process of strategic management of purchases, movement and storage of materials, parts and finished products (and the information related to them) by means of the organization of its marketing channels in such a way that the ongoing profitability and invoicing is maximized, by means of the efficient servicing of orders. Logistics Reserve: It refers to administration of physical flows and of the information related to them, corresponding to materials discarded after their original use (post-consumption reverse flow) and of those products that are returned to the manufacturer for many different reasons, becoming part of the so-called post-sale reverse flow. LSP - Logistics Service Provider: Outsourced suppliers of logistic services. |
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