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Glossary

Term	Definition
L/C	Letter of Credit Hits: 282
LANE METER	A method of measuring the space capacity of Ro/Ro ships whereby each unit of space (Linear Meter) is represented by an area of deck 1.0 meter in length x 2.0 meters in width. Hits: 1215
LASH	To hold goods in position by use of Ropes, Wires, Chains or Straps etc. Hits: 262
LAT	Latitude. The distance north or south of the equator measured and expressed in degrees. Hits: 261
LAYCAN	Laycan (Layday Cancelling Date) Hits: 278
LAYTIME	Time at Charterers disposal for purpose of loading/discharging Hits: 244
LCL	Less than Container Load - a shipment that takes up only a portion of a consolidated container. LCL shpts are to be picked up at a CFS only, whereas FCL are to be picked up at a container yard/terminal. Hits: 276
LCR	Lowest Current Rate Hits: 199
LEE	The side sheltered from the wind Hits: 250
LEEWARD	The direction away from the wind. Opposite of windward Hits: 264
LEEWAY	The sideways movement of the ship caused by either wind or current Hits: 252
LF	Load Factor. Percentage of cargo or passengers carries e.g. 4,000 tons carried on a vessel of 10,000 capacity has a load factor of 40% Hits: 286
LIEN	Retention of property until outstanding debt is paid Hits: 265
LNG	Liquefied Natural Gas Hits: 159
LOA	Length Overall of the vessel Hits: 294

IFA offers services that cover efficiently any need for transport by sea or by land, from machinery to complete 'hi-tech, from food to chemicals.

IFA has been operating since 1982 in the field of international shipping has always been pursuing a business strategy that focuses on the development of the service the client's business.