Last 50 yards/metres Typically the transfer of goods from the rear of the delivery vehicle to the store shelf. The importer’s statement is compared against the carrier’s vessel manifest to ensure that all foreign goods are properly declared. Often used to describe home-grown (custom built) mainframe systems, however, software companies will use the term legacy system to define any system that is not based on the current version of a business software package. License Plate License plates are often used with warehouse management systems. Lloyds’ Registry An organization maintained for the surveying and classing of ships so that insurance underwriters and others may know the quality and condition of the vessels offered for insurance or employment. LO/LO See Lift on, Lift off.
Top-Air Delivery A type of air circulation in a container. In top air units, air is drawn from the bottom of the container, filtered through the evaporator for cooling and then forced through the ducted passages along the top of the container. Invoice reflects both the costs of goods and freight charges to a named location. Shipped to a location near the customers; then the small shipments are distributed to the customers.
Sometimes realtors will use the distance to the bottom of the roof trusses to calculate clear height even though portions of the building may have lower clear heights due to HVAC units or other equipment suspended from the roof. Class Rates A grouping of goods or commodities under one general heading. Electronic bill of lading For many years, the industry has sought a solution to the difficulties, costs and inefficiencies associated with paper bills of lading. Liter 1.06 liquid U.S. quarts or 33.9 fluid ounces. The risk of loss of, or damage to, the goods is transferred from seller to buyer when goods pass over the ships rail. FOREIGN EXCHANGE: The currency or credit instruments of a foreign country. Must be marked as «original» by the issuing carrier. OS&D Abbreviation for «Over, Short or Damaged» Usually discovered at cargo unloading. OSD Over, Short, and Damaged.