Term
LEEWAY
The sideways movement of the ship caused by either wind or current
Charter-Party Reference
Chartering Terms
Search and browse a complete chartering glossary curated from operational market usage for owners, charterers, and shipbrokers.
Showing 24 of 339 terms
Term
LF
Load Factor.
Term
LIEN
Retention of property until outstanding debt is paid
Term
LNG
Liquefied Natural Gas
Term
LOA
Length Overall of the vessel
Term
LOF
Lloyds Open Form
Term
LOG
A record of courses or operation. Also, a device to measure speed
Term
LOI
Letter of Indemnity
Term
LONGITUDE
The distance in degrees east or west of the meridian at Greenwich, England
Term
LOW
Last Open Water
Term
LS (or LUMPS)
Lumpsum Freight. Money paid to Shipper for a charter of a ship (or portion) up to stated limit irrespective of quantity of cargo
Term
LSD
Lashed Secured Dunnaged
Term
LT1
Liner Terms
Term
LT2
Long Ton = 1,016.05 kilogram (2,240 lbs)
Term
LTHH
Liner Terms Hook/Hook
Term
LW
Low Water
Term
LYCN
Laycan (Layday Cancelling Date)
Term
M/V
Motor Vessel / Merchant Vessel
Term
MANIFEST
Inventory of cargo on board
Term
MB
Merchant Broker
Term
MDO (DO)
Marine Diesel Oil
Term
MIDSHIP
Approximately in the location equally distant from the bow and stern
Term
MIN/MAX
Minimum/Maximum (cargo quantity)
Term
MOA
Memorandum of Agreement