Laden on Board:
A bill of lading that indicates a shipment has been loaded on board a vessel
Letter of Credit (LC):
Bank issued document authorizing transfer of funds from buyer to seller under
established terms and conditions in international transaction
Letter of Indemnity:
Protection in writing to carrier for performing a deviation to normal business
Letter of Guarantee(L/G):
Letter provided to carrier in lieu of surrender of original bill of lading
License Cargo:
Cargo necessitating license to move
Long Ton (L/T):
2240 lbs.
