Abbreviations

Abbreviations - L

Posted on 10 April 2023 Category : Abbreviations

The information provided here is part of Export import business Course online

The following are the list of abbreviations commonly used in business. These abbreviations include abbreviations used in Export, abbreviations in Import, list of antonyms in shipping trade, abbreviations used in freight forwarding business and commonly used terms in customs brokering. Popularly used abbreviations in banking, commonly using tax abbreviations and other list of generally used business terms are also included in this article. If you would like to add up more abbreviations to this article which is commonly used in your region, you may write at bottom of this article. Please make sure, you are adding only ‘commonly using abbreviations’ in business, as this category is meant for import and export.

L&D Loss and Damage

L.S. & D. Landing, Storage and Delivery
L.S. Lump Sum
L.S.---Locus Sigilli=Place of the Seal
L.T. Liner Terms
L/A "Lloyds Agent, letter of authority
L/A---Letter of Authority
L/C Letter of credit
L/G---Letter of Guarantee
L/I-Letter of Indemnity
L/I---Letter of Indemnity
L/L Long length
L/T---Long Ton
L/V--Loan-to-value ratio
LAB Lloyds Average Bond
LAF - Liquidity Adjustment Facility
LAFTA Latin American Free Trade Association
LAFTA Latin American Free Trade Organisation
LAIA Latin American Integration Association
LAMPS Large-sized Adivasi Multipurpose
LAS Loan & Advances by States

LASH Lighter aboard ship
LASH To hold goods in position by use of Ropes, Wires, Chains or Straps etc.
LASSA - Licensed Animal Slaughter and Salvage Association
LAT Latitude.
Latin America Free Trade Area
Lay/Can---Lay days and Cancelling date
LAYCAN Laycan (Layday Cancelling Date)
LAYTIME Time at Charterers disposal for purpose of loading/discharging
LB - Lowest daily outstanding Balance

LB&I--Large Business and International Division
lb(s) ; lb---pound(s), Libra
LBD Land Development Bank
LBO Leveraged Buyout
LBS Locational Banking Statistics
LC Letter of credit
LC Loading Capacity
LCA Life cycle analysis
LCD - Liquid Crystal Display
LCHS -Liquid Cargo Handling Simulator
LCIA - London Court of International Arbitration
LCL Less than Container Load
LCL--Less than carload
LCM--Lower of cost or market
LCR Lowest Current Rate

LCS Land Customs Station
LCU--Large corporate underpayment
LDBDC Least Developed Beneficiary Developing Country
LDC less developed country
LDCs Least-developed countries
LDG Loading
ldg Loading
Ldg&Dly Landing and delivery
LDN LaDeN
LDP Liberal Democratic Party
LDR--Loss disallowance rule
Lds Loads
LEC Local Export Clearance
LEC Local export control
LEE The side sheltered from the wind
LEEWARD The direction away from the wind. Opposite of windward
LEEWAY The sideways movement of the ship caused by either wind or current
LE--Lessee
LERMS Liberalised Exchange Rate
LF Load Factor. Percentage of cargo or passengers carries e.g. 4,000 tons carried on a vessel of 10,000 capacity has a load factor of 40%
LGT LenGThened
LGTF -Tanker Familiarization-Liquified Gas Tankers
LI Letter of Indemnity
LIBID LondonInterbankBid Rate
LIBO---London-Inter-Bank-Offered Rate
LIC Life Insurance Corporation of India
LIC Local import control
LIEI Legal Issues of Economic Integration (Journal)
LIEN Retention of property until outstanding debt is paid
LIFE--Limited Issue Focused Examination
LIFFE - London International Financial Futures Exchange
LIFO – Last In, First Out (used both in computer programs and accounting; it determines that what comes last is handled first)
LIFO Last In, First Out

LIFO-Liner in Free Out
LIHCR--Low income housing credit
LIH--Low income housing
LIHTC--Low income housing tax credit
LILIC Less indebted low-income country
LIMEAN LondonInterbankMean Rate
LIMIC Less indebteed middle-income country
LIST OF ABBREVIATIONS
LIT Italian Lira
LITC--Low Income Taxpayer Clinic
LJPY JapeneseYen
LKE--Like-kind exchange
Lkg & bkg Leakage & breakage
Lkge Leakage
LLC – Limited Liability Company (a legal entity where the owners are not liable personally)
LLDC least (or lesser) developed country
LLET--Limited liability entity tax
LLIC--Limited liability investment company
LLLP--Limited liability limited partnership
LLP--Limited liability partnership
LLTC--Limited liability trust company
LMG Like-Minded-Group
LMI--Lender's mortage insurance
LM--Last month (also L/M)
LMRA--Labor Management Relations Act
LMSB--Large and mid-size business
LNG Liquefied Natural Gas
Lo Ho Lower Hold
LO/LO Lift On/Lift Off
LOA Length Overall
LOA Lenght Over All
LOA Length Overall of the vessel
LOAD LINE See PLIMSOLL LINE
LOB--Limitation on benefits
LOB--Line of balance
LOC--Library of Congress
LOC--Line of credit
LOF Lloyd’s Open Form
LOG A record of courses or operation. Also, a device to measure speed
LOI - Letter of Intent
LOI Letter of Indemnity
LOI Letter Of Intent (to buy)
LOLO Lift On Lift Off ship
Lo-Lo Lift-on Lift-off
LOR Lender's Offered Rate
LOR Letter Of Readiness
LOW Last Open Water
Lower of C or M Lower of cost or market
LPA - Long Period Average
LPA--Licensed Public Accountant
LPG Liquefied Petroleum Gas
LP--Limited Partner
LPS LumPSum
LR Large Range
LR Lloyds Register
LR Lloyds Register of Shipping
LR Long run.
LR--Lessor
LRMS--Lease residual management strategy
LS (or LUMPS) Lumpsum Freight. Money paid to Shipper for a charter of a ship (or portion) up to stated limit irrespective of quantity of cargo
LS Level Shift
ls Lumpsum(freight)
LSD Lashed Secured Dunnage
LSD Lashed Secured Dunnaged
LSE London School of Economics
LSE--London Stock Exchange
LT (LTONS) Long TONS
LT Long Term

LT Liner Terms

LT Long Ton = 1,016.05 kilogram (2,240 lbs)
LTCG--Long-term capital gain
LTC--Long-term care
Ltd Limited company
LTD--Limited
LTD--Long-term disability
LT-EUR1 Long-term movement certificate (EC)
LTHH Liner Terms Hook/Hook
LTI--Lead time interval
LTI--Long-term incentive
LT--Lead time
LT-Liner Terms
LTL--Less than truckload
LT--Long term
LTO Long Term Operation
LTP--Lower-tier partnership
LTR--Letter ruling (also LR)
LTV--Loan to value ratio
LUST--Leaking underground storage tank
LUT Legal Under Taking
LVI Local Veterinary Inspector
LVP Low Value Procedure
LW Low Water
LYCN Laycan (Layday Cancelling Date)
LY--Last year (also L/Y)
LYON--Liquid yield option notes

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The above are the list of abbreviations commonly used in business. These abbreviations include abbreviations used in Export, abbreviations in Import, list of abbreviations in shipping trade, expansions used in freight forwarding business and commonly used terms in customs brokering. Popularly used abbreviations in banking, commonly using tax abbreviations and other list of generally used business terms are also included in this article. If you would like to add up more abbreviations commonly used in your region, you may write such enlargements below. Please make sure, you are adding only ‘commonly using abbreviations’ in business, as this category is dealt with international trade.

The above information is a part of Online international business guide course

Abbreviations - L

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