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12.07.2013 09:23 |
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Lease
1) A legal agreement/contract between two persons/firms, one to rent out, the other to hire assets/land/property, etc. In transport leasing is a common form of acquiring vehicles/plant (even office equipment -computers, etc).
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12.07.2013 09:21 |
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Le Shuttle
1) Brand name for Eurotunnel's closed-circuit rail service for vehicles through the Channel Tunnel - using specially built freight and passenger vehicle wagons.
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12.07.2013 09:20 |
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LDC
1) Local distribution centre. A new breed of distribution centre designed to cater for inner-city delivery needs and home delivery fulfilment as envisioned in the UK government's 1999 Sustainable Distribution strategy document.
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12.07.2013 09:18 |
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LCD
1) Liquid crystal display. Used in calculators, etc to display data.
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12.07.2013 09:16 |
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L/C
1) Letter of credit. A document setting out the terms of a documentary credit transaction.
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12.07.2013 09:15 |
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Laydays
1) Period of days allowed in charter agreement for loading and discharging cargo.
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12.07.2013 09:22 |
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Lead-time
1) The time between initiation and completion. In distribution, usually the time between receipt of an order and despatch for delivery or actual delivery.
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12.07.2013 09:20 |
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LDV
1) Leyland DAF Vehicles. Van production arm of Leyland vehicles taken over on its merger with Dutch-based truck manufacturer DAF and subsequently bought out by the management.
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12.07.2013 09:19 |
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LCL
1) Less than container load. Consignments that do not fully fill a shipping (ISO) container.
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12.07.2013 09:17 |
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LCA
1) Life-cycle analysis. Analysis of the penalties and benefits emanating over the life-cycle of a product. See also Terotechnology.
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12.07.2013 09:16 |
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LBTC
1) London Boroughs Transport Committee. Committee which took over old Greater London Council lorry ban. Its purpose is to control the use of roads within London to avoid environmental distress from heavy lorry noise, especially at night.
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Last-in, first out (LIFO) |
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12.07.2013 09:14 |
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Last-in, first out (LIFO)
1) Stock valuation: the method of valuing stocks which assumes that all issues or sales are charged at the most current cost but stocks are valued at the oldest cost available. Stock rotation: the method whereby the newest goods in stock are delivered (sold) and/or consumed first. (Source: ILT Supply-Chain Inventory Management SIG)
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