Abbreviations (FIATA) - L

A-B-C-D-E-F-G-H-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-XYZ

• L/A - Lloyd's agent [1]
• LASH - lighter aboard ship
• Lat., lat. - latitude
• 1b(s) - pound(s)
• L/C - Letter of credit [2]
• LDG - leading
• 1.& d. - loss and damage
• 1.& u. - loading and unloading
• LCL - less than container load (less than саr load)
• leg. - legal
• LEL - lower explosive limit
• LFL - lower flammable limit
• 1gt. - long ton; long tons
• liq. - liquid
• Lkg/Bkg - leakage & breakage
• LNG - Liquefied natural gas
• L.O.A. - length over а1l
• LO/LO - lift on, lift off
• load - loading
• loc. - local; location
• Long., long. - longitude
• LPG - Liquefied petrochemical gas
• LSD - landing, storage and delivery charges
• LT - letter telegram
• L.T. - local time
• L/T - liner terms [3]
• LTA - lighter than air system (airships)
• 1tge - lighterage
• 1tr. - lighter [4]
• lump - lump sum

[1] Largest insurance company in the world.
[2] The letter of credit - an agreement whereby a bank letter of credit (issuing bank) acting at the request of and under instructions applicant for the credit, to make payment to a third party in whose favor billed credit (beneficiary) or to authorize another bank to make such payment . Payment is made against stipulated in the credit documents and subject to the conditions of the credit. The letter of credit - is a separate agreement (usually between banks), which is not legally bound to a contract of sale entered into between the applicant for the credit (the buyer) and the beneficiary (seller). The beneficiary is not subject to the contractual relations existing between banks or between the applicant for the credit and the issuing bank. For this reason, the beneficiary received from the Bank of the open letter of credit in its favor, should check their compliance with the terms of the contract of sale signed by them with their buyer (applicant for the credit), and if he had any comments, request directly from the buyer to make appropriate changes in credit terms, notifying the bank that the credit they were not taken until the order issuer to make the necessary changes in credit terms. Letters of credit can be revocable and irrevocable. Only an irrevocable letter of credit subject to all of its terms constitutes a firm commitment by the issuing bank for payment. Confirmed letter of credit means that the issuing bank received the consent of another bank on the fact that the last confirmed letter of credit and thus made a firm commitment to pay. Is transferable letter of credit on which the beneficiary is entitled to request the bank making the payment, that the letter of credit could use one or more other parties (second beneficiaries). In the order the bank to open L / C Applicant shall provide for the payment, a list of payment instruments (eg, by a bill of lading, invoice, insurance policy, a quality certificate, certificate of origin, etc.), requirements for the content of transport, insurance and other documents, the deadline shipment on the transport document, the term of the credit and other requisites. In preparing a letter of credit Applicant (buyer) must adhere to the terms of the contract, concluded with the beneficiary (seller). International Chamber of Commerce, has developed and put into effect October 1, 1984 g, Uniform Customs and Practice for Documentary Credits, which was formulated in detail the whole range of issues governing the discovery and use of letters of credit.
[3] The condition of the contract of carriage by sea, for which the ship shall pay its own expense the cost of handling.
[4] Lighter - cargo, mostly non-self propelled barge-type vessel designed for offshore and in-port transportation. Special lighters used to transport goods over long distances in ships, lighters.