Freight, shipping and chartering glossary

Term Meaning
Labeling Surcharge associated with labeling Pos.
LCL (Less Than Container Load) Delivery of collective cargoes from 1m3 to 15m3, transported in a common container with other shippers in order not to overpay for the delivery. It is considered the most economical way to deliver small quantities of goods.
Letter Of Credit An advance instruction by your bank to an overseas bank to guarantee payment to the seller once certain delivery conditions have been met.
LTL (Less Than Truck Load) Consists of goods of different consignees, which are consolidated in warehouses. It is advantageous to order LTL when transporting small consignments, as the customer pays only for the place that is necessary for his cargo.