Shipping Glossary

Letter of Indemnity Sometimes used to allow Consignee to take delivery of goods without surrendering B/L which has been delayed or become lost.

Local Import Control. A system of clearing import containers at Importer's premises.

Last in first out

Liner in free out

Longitude in time

Leakage and Breakage

Load List; or Long Length

Load Lines

Liquefied Natural Gas

Length overall

Letter of Authority

Lift-On/Lift-Off. A containership onto which and from which containers are lifted by crane (as opposed to Ro-Ro).

Longitude

Last Port of call

Liquefied Petroleum Gas

Liner Terms Both Ends – also l.t. bends

Low Water Ordinary Spring Tide

lightweight

Motor.

Manifest Amendment

Marine Pollution convention

Marine Stowage Co-ordination Centre

Master Air Waybill

Maximum Continuous Rating

Mean Draft Arrival

Mean Draft Departure

Marine Diesel Oil

million tons deadweight

Mediterranean

Managing

Manager

Management

Marine Insurance Act

Minimum Bill of Lading

Minimum weight

Miscellaneous

Maritime Law Association.

Multiple Line Enquiry

Mercantile Marine Office

Multi Modal Operator

Marketing Organisation

Medical Officer of Health

More or less in Owner's Option

Maintenance and Repair

Mate’s Receipt – also M.R.

Motor Ship

Merchant Shipping Acts

Maritime Safety Committee (of IMCO)

Empty – also m.t. An empty container or Multimodal Transport. Metric Tons.

Multimodal Transport Document

Multimodal Transport Operator. Same as MMO.

Motor Vessel – also m.v.

Not available (N.A.)

Not always afloat but safe aground

Name and address

National Association of Warehouse Keepers.

Northbound

Non-delivery

National Department of Transport

No marks (N.m.)

Notice of Readiness (N/R)

Notice of Readiness Accepted

Notice of Readiness Tendered and Accepted

Next Port of Call

Net present value

No risk after discharge

Net registered tonnage

Net weight

Non Vessel Owning/Operating (Common) Carrier. A Carrier issuing Bs/L for carriage of goods on vessels which he neither owns nor operates.

North West Continent

Oil Bulk Ore Carrier

Oil Bulk Ore Carrier

Overcharge

Ocean Bill of Lading

Other cargo damage

Overseas Containers Limited

on Deck

Outward Freight

Overheight. A container/flat rack with goods protruding above the top of the corner posts.

Official Harbour Tariff Book

Order of

Out of Gauge. Goods whose dimensions exceed those of the container/flat rack in which they are packed.

Open Policy

Owners Risk

Ordinary Seaman

Open sided container. Overseas. Overstay/Off slip/Open slip.

Oilseeds Control Board

One Safe Port

Open Top. A container with tarpaulin covered open roof.

Overseas Tariffs and Regulations

Overwidth. A container with goods protruding beyond the sides of the container/flat rack onto which they are packed.

Per annum

Particular Average. Partial accidental loss or damage (as opposed to Total Loss or General Average).

Parcel

Panama Canal Net Ton

Pieces

Packing Declaration, passed, paid, port dues.

A charge, based on a fixed daily rate.

Platform

Port Facility Security Officer