Glossary
L
L/C (Letter of Credit)
A letter issued by a bank authorizing the bearer to draw a stated amount of money from the issuing bank, its branches, or other associated banks or agencies.
L/G (Letter of Guarantee)
A document which can be used as B/L.
LCL(Less Than Container Load)
A quantity of product/commodity less than the amount needed to completely fill a container.
