A (22) | B (29) | C (39) | D (16) | E (14) | F (27) | G (10) | H (16) | I (18) | J (1) | K (6) | L (26) | M (18) | N (8) | O (5) | P (24) | R (10) | S (45) | T (14) | U (11) | V (9) | W (6)
Glossary term Description
lay time

The amount of time as stipulated in the charterparty for a vessel to load/discharge without financial penalty

LCL

Less than container load, a parcel of cargo, loaded into a container, usually along with other shipper's cargo 

LDO

Light diesel oil. A grade of bunkers

leading lights

Also known as range lights 

lighter

An inland water vessel or barge usually without an engine that was originally used for reducing the draught of a oceangoing vessel by lightening the load, thus allowing it to enter a port

line load Weight force which can be withstood by a container floor per running meter.
liner

Vessel operating to an advertised fixed schedule between ports. Now usually container ships but used to be applied to passenger ships especially on trans-Atlantic route

lines

Usually a shortened term for mooring ropes, eg head lines, stern lines. May also refer to shipping lines

liquid bulk

Liquid cargo

LNG

Liquefied natural gas. Natural gas may be extracted from oilfields or produced from fields containing only gas. It is also found in association with very light oil, termed condensate. Light hydrocarbons extracted from natural gas are referred to as natural gas liquids (NGL). Natural gas main component is methane. It can be liquefied, for transport or storage, by cooling to about -160ºC and is then referred to as liquefied natural gas