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Transportation

Any mode or method of locomotion that serves to move people, goods or services from one location to another.

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Transportation > Shipping

International Ship and Port Security Code (ISPS)
Transportation; Shipping

It is an amendment to the Safety of Life at Sea (SOLAS) Convention (1974/1988) on minimum security arrangements for ships, ports and government agencies. Having come into force in ...

International Standards Organization (I.S.O.)
Transportation; Shipping

International Standards Organization which deals in standards of all sorts, ranging from documentation to equipment packaging and labeling.

jacob’s ladder
Transportation; Shipping

A rope ladder suspended from the side of a vessel and used for boarding.

less than container L (LCL)
Transportation; Shipping

The quantity of freight which is less than that required for the application of a container load rate. Loose Freight.

back-to-back LC
Transportation; Shipping

A new letter of credit issued to another beneficiary on the strength of a primary credit. The second L/C uses the first L/C as collateral for the bank. Used in a three–party ...

clean LC
Transportation; Shipping

A letter of credit that requires the beneficiary to present only a draft or a receipt for specified funds before receiving payment.

confirmed LC
Transportation; Shipping

An L/C guaranteed by both the issuing and advising banks of payment so long as seller’s documents are in order, and the L/C terms are met.Only applied to irrevocable L/C’s. The ...

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