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13.07.2013 08:38 |
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Load factor
1) A measure of the percentage by which the capacity of a vehicle is occupied or utilized (by the seats occupied on each journey or the tonnes carried on a goods vehicle, etc).
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13.07.2013 08:36 |
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Local (bus) services
1) Defined for the purposes of registration under bus licensing rules as being, broadly, services operated with a public service vehicle (PSV) on which passengers can make journeys of less than 15 miles in a straight line and are carried for hire at separate fares.
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13.07.2013 08:34 |
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LNG
1) Liquefied natural gas. Low-emission fuel source for road vehicles. See also Natural gas and Compressed natural gas (CNG).
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13.07.2013 08:32 |
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Lloyd's Register
1) Annually published list of ships (by class). Also 'Lloyd's List' (daily shipping news). Both by Lloyds, incorporated society of underwriters based in City of London (established by Edward Lloyd 1688) - home of famous Lutine bell rung only when overdue ship arrives or one is lost.
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13.07.2013 08:30 |
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LL
1) Load line (or loadline) - also called the 'Plimsoll line'. An internationally recognized marking on the external hull of a ship showing the lowest legal level at which it may sit in the water when fully laden (ie the line must not be submerged).
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13.07.2013 08:29 |
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Liquidity
1) A measure of a person/firm's ability to meet its liabilities from its current assets (cash in the bank, saleable stocks, etc).
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13.07.2013 08:37 |
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Load assembly
1) The function of bringing together individual orders or consignments to comprise a vehicle/container load. Usually in a loading bay/loading dock.
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13.07.2013 08:35 |
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LOA
1) Length overall.
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13.07.2013 08:33 |
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LMC
1) Lloyd's machinery certification. Certification under Lloyds registration of the constructional quality of machinery related to shipping.
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13.07.2013 08:31 |
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LLMC
1) International Convention on Limitation of Liability for Maritime Claims (1976). UK convention enacted by the MerchantShipping Act 1979, which establishes limits of liability of carriers by sea.
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13.07.2013 08:30 |
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Listeria
1) Bacterial disease in humans, mainly from food (ie food poisoning). In transport, is cause for concern in regard to carriage of chilled/ frozen food products where failure to maintain correct temperatures in vehicle bodies, etc can lead to disease (also salmonella, etc).
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13.07.2013 08:25 |
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Liquidation
1) Means to pay off debts, etc and wind up. Action of business when no longer able to meet liabilities or closing for other reasons. Voluntary form of closure (ie voluntary liquidation) with no pressure from creditors whereby assets are disposed of, etc and debts paid.
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