L.A.: Letter of authority.
L &D: Loss and damage. This term usually applies to a loss or damage that is discovered at the time of delivery.
L&R: Lake and rail.
L/C: Letter of credit.
LABOR COSTS: The hourly labor costs associated with the operation in question.
LANDING REQUIREMENTS: The stipulation that the first landing of an aircraft entering the U.S. must be at an international airport unless the aircraft is landing due to an emergency or is forced to land.
LASER SCANNER: Bar-code reading devices that range in size from small hand-held units to larger, fixed beam scanners.
LASH VESSEL: A lighter-abroad ship used to transport product from a mother ship to a nearby destination. (19CFR4.81)
LAT: Latitude.
LATENT DEFECTS: Faults which are not readily apparent through normal diligence.
LATERAL COLLAPSE: The failure of pallet joints due to extreme forces.
LAY DAYS: The dates between which a chartered vessel is to be available in a port of loading.
LAY ORDER: An order issued by the district director allowing cargo to remain on the wharf or pier where discharged beyond 5 P.M. on the 5th working day after the day the vessel was entered.
LAYER: One complete row of boxes on a pallet or unitized stock.
LAYOUT: The design and storage areas and aisles of a warehouse.
LAZARETTO: A place set apart in quarantine for fumigating goods.
L.C.L.: Less than carload. The term used for a railroad shipment that weight less than the minimum necessary for the application of the carload rate.
LDG: Loading.
LEAD TIME: The period of time elapsing between when an order is placed and the order is received in storage.
LEGAL WEIGHT: The weight of the goods and the interior packaging but not the container.
LENGTH BLOCK: A pallet pattern in which package lengths are loaded parallel to the pallet length.
LETTER OF CREDIT (L.C.): A method of payment for goods in which the buyer establishes his credit with a local bank, clearly describing the goods to be purchased, the price, the documentation required, and the limit for completion of the transaction. Upon receipt of documentation, the bank is either paid by the buyer or takes title to the goods themselves and proceeds to transfer funds to the seller. The banks insist upon complete compliance with the terms of the sale, and will not pay if there are discrepancies. The L.C. is issued by the buyer's bank and accepted by the seller's bank.
LIEN: A legal claim placed upon merchandise pending payment.
LIFEO: Last in, first out. A method of inventory rotation where goods are cycled so that the newest items in inventory are shipped first.
LIGHT MONEY: A duty of $.50 a ton collected on all non-U.S. vessels, except vessels owned by U.S. citizens, that arrive at a U.S. port and become a registered U.S. vessel before leaving. (19CFR4.20)
LIGHTERMAN: One who transports goods or merchandise on a barge, scow, or other small vessel within the port, or from a place within a port. (19CFR112.1)
LINE-HAUL RATE: The term refers to the three basic types of rates charged for transportation services by common carriers: class, commodity, and exemption rates.
LIQUIDATED DAMAGES: A demand for payment made against both the principal and surety of a bond taken to insure compliance with any Customs law or regulation when there is a breach of any of the bond conditions. (19CFR172.1)
LIQUIDATION: The final computation of the duties or drawback accruing on an entry.
LOAD: Materials and merchandise being moved in small or large amounts such as on a pallet, or in a container, etc..
LOAD DESIGN: The designation of a safe load limit based on a probability of failure of the load platform.
LOAD PLATFORM: The surface of a shelf or pallet on which merchandise is placed.
LOAD-CARRYING CAPACITY: The capability to support a given weight that is within design and performance criteria for the load platform or storage rack.
LOADING SYSTEM: A method of building unitized loads. Some of the most common systems are: 1) Unit loading (strap loading), 2) Unitization (topping and strapping many packages), 3) Bonded blocking (loading like bricks), 4) Cube loading (on pallets or unitized for grab trucks), 5) Glued loading (applying glue in strips on each side of the box to tie cartons together, usually on a pallet), and 6) Bulk packaging (loose and in bundles to permit one large fiberboard box as a substitute for smaller cartons).
LOCAL AREA NETWORK: Workstations that link employees to allow data sharing, data assembly, and data manipulation. Information can be passed on with a minimum of effort and paper work associated with it can be minimized.
LOGISTICS: The management of both inbound and outbound materials, parts, supplies, and finished goods. Includes such activities as; production scheduling, forecasting, customer service, order entry, inventory control, and product allocation among customers.
LTGE: Lighterage.
LTL.: Less than truckload. The term is used for shipment that weighs less than the minimum necessary for the application of the truckload rate.