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Landing Certificate
Certificate issued by consular officials of some importing countries at the point or place of export when the subject goods are exported under bond.
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LAYCAN
Laydays/Cancelling (date): Range of dates within the hire contract must start.
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LCL
Abbreviation for "Less than Container Load." The quantity of freight which is less than that required for the application of a container load rate. Loose Freight.
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Less Than Truckload
Also known as LTL or LCL.
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Letter of Indemnity
In order to obtain the clean bill of lading, the shipper signs a letter of indemnity to the carrier on the basis of which may be obtained the clean bill of lading, although the dock or mate's receipt showed that the shipment was damaged or in bad condition.
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Lien
A legal claim upon goods for the satisfaction of some debt or duty.
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Liter
1.06 liquid U.S. quarts or 33.9 fluid ounces.
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Lloyds' Registry
An organization maintained for the surveying and classing of ships so that insurance underwriters and others may know the quality and condition of the vessels offered for insurance or employment.
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Long Ton
2,240 pounds
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