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Glossary

Lashing
Operation consisting of securely securing the goods on board the ship
Laytime
Number of days stipulated and allocated for chartering a vessel for cargo loading and unloading operations.
LCL
Less than Container Load
Licensed customs agent
A natural or legal person who has obtained an authorization from the Minister responsible for customs
LIFO
Last In / First Out
Litigation
Disagreement between two parties (ex: the customer and GEFCO) about a non-conformity / customer complaint without any solution found.
Lo-Lo
Lift-on, Lift-off
LTL
Less than Truck Load
LTSR
GEFCO-specific dispute, meaning: Transport Dispute Without Insurance Appeal.