L

Last Mile

The process when a carrier hands off the delivery of a parcel to a local courier fr efficiency and speed purposes.

Legal Weight

Total shipment weight (in kilograms) including all parts of the package and containers transporting the shipment.

Letter of Credit

An advance instruction by a bank to an overseas bank to guarantee payment to the seller once certain delivery conditions have been met.

LCL ? Less than a Container Load

Shipment that does not take up the full capacity of a shipping container.

LTL ? Less Than Truckload

Shipment weighing below that of one required to fill a whole truck.