Glossary of logistcs terms

Since all the terms are used in international business, the glossary is available in English language only.

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Log Book
Daily report of all events and other relevant particulars of a vessel and attested by the proper authorities as a true record.  
Logistics Chain
All successive links involved in the logistic process.  
Lift-on/Lift-off Vessel
Long Haul
Transportation of cargo by truck over long distances.  
Angular distance of a position on the equator east or west of the standard Greenwich meridian, up to 180 degrees east or west.  
Motor truck used for transport of goods. Note: Motor truck is an American term. British synonym for motor truck is heavy goods vehicle. This British term means any vehicle exceeding 7.5 metric tons maximum laden weight.  
Loss of Market
Situation in which, for one reason or another, sound cargo is no longer wanted by the consignee when it arrives. This is a "business loss" not recoverable under a Marine Cargo Policy; e.g., Christmas trees arriving in January undamaged. All Risk
Less than Truck Load
Luffing Crane
Crane with which the load can be moved to or from the vessel horizontally.  
Travelers' baggage, suitcases, boxes, etc., normally accompanied by a passenger. Unaccompanied Baggage
Agreed sum of money, which is paid in full settlement at one time. This term is often used in connection with charter parties.  
Lump-Sum Charter
Voyage charter whereby the shipowner agrees to place the whole or a part of the vessel's capacity at the charterer's disposal for which a lump-sum freight is paid.  
Motor Vessel.  
MAFI Trailer
German brand name of a roll trailer used for RoRo purposes.  
Maiden Trip
First voyage of a vessel or aircraft after delivery to its owner(s).  
Main-Line Operator
Abbreviation: MLO. Carrier employing vessel(s) in the main or principal routes in a trade but not participating within a consortium.  
Maintenance Chain
Sequence of events in a goods flow which preserves and/or restores the value of a specific good. E.g. repair.  
Document which lists the specifications of goods loaded in a means of transport or equipment for transportation purposes. As a rule cargo manifests are drawn up by the agents in the place of loading. Note: For shipping, a manifest represents an accumulation of Bills of Lading for official and administrative purposes.  
Marine Gas Oil. Fuel used for operating the vessel.
At or in the middle of a vessel.  
Marine Insurance Policy
Insurance policy protecting the insured against loss or damage to goods which occurred during transportation.  
Marking (or Marks)
Letters, numbers, and other symbols placed on cargo packages to facilitate identification.  
Shipping Marks
Master Air Waybill
Abbreviation: MAWB. Air Waybill issued by the originating airline when more than one airline is involved with a shipment, or when a freight forwarder issues a House Air Waybill. Air WaybillHouse Air Waybill

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