Label A piece of metal, paper or other materials which is attached to a product in order to describe its contents, attributes, ownership and such.
Lash The use of different materials such as ropes, chains or wires to hold cargo in a desired arrangement.
Last In First Out (LIFO) An approach which supports the use or sell of products most recently received (last in) first.Less than Container Load (LCL)
A generic term referencing cargo intended for transportation in a container in cases where the forwarder is holding the responsibility of packing and/or unpacking the container.
In operational scnerios the term LCL container is refering to containers due for shipping which contain multiple consignments.
Letter of Credit (L/C) A printed guarantee by an issuing bank given to the beneficiary (the seller) by the instructions of the applicant (the buyer) to pay an agreed amount of money within a detrmined time limit and under decided documanted conditions.