Tariffs and Customs Terms L.1.78

Question 1

a consortium wherein companies organize themselves to bid for projects, and stay together until their completion

Answer 1

large capital project

Question 2

lighter aboard ship

Answer 2

lash

Question 3

2. a barge or lighter that is an extension of the ship’s equipment or gear and used purely in the ship’s cargo shipments.

Answer 3

lash barge

Question 4

to hold articles together through wires, ropes, chains

Answer 4

lash

Question 5

it is a vessel designed and constructed to carry lash barges as container of cargoes.

Answer 5

lash ship

Question 6

1. a covered barge carrier loaded on foreign-bound ships

Answer 6

lash barge

Question 7

the point at which wires, ropes, chains, which hold articles together, are attached.

Answer 7

lashing point

Question 8

a vessel constructed to carry lash barges as containers or cargoes.

Answer 8

lash ship

Question 9

the act of binding or fastening articles or goods

Answer 9

lashing

Question 10

a warehousing method wherein the goods most recently received (last in) will be used or sold first (first out).

Answer 10

last in, first out

Question 11

the airline that carries goods over the last section of a route stated in the air waybill.

Answer 11

last carrier

Question 12

a warehousing method wherein the goods most recently received (last in) are used or sold last (last out).

Answer 12

last in, last out

Question 13

the very last article unloaded from a vessel, which fact of discharge is the reckoning period from which a shipment may be deemed abandoned.

Answer 13

last package from the carrying vessel

Question 14

a high-lift truck that can stack and retrieve goods through its front or lateral sections.

Answer 14

lateral and front stacking truck

Question 15

narrow strips of woods nailed or attached to a framework

Answer 15

laths

Question 16

a group that promotes economic integration of Latin and Caribbean countries, especially when dealing with the European Economic Community and the United Nations.

Answer 16

Latin America Association of Development financing Institutions

Question 17

a regional trade arrangement among Mexico and all South American countries, except Guyana, French Guyana, and Suriname. It superseded the Latin American Free Trade Association or LAFTA in 1960. It was signed in 1980

Answer 17

Latin American Integration Association

Question 18

it is rule of conduct and/or mandate by competent authority for the genera! welfare of the people.

Answer 18

law

Question 19

days during which a vessel is detained or delayed at a port while waiting for cargoes

Answer 19

laydays

Question 20

the act of putting ship or vessel on a dry land or dock

Answer 20

lay up

Question 21

areas the areas designated by PPA for vessels that are laid-up. These are identified by the corresponding coordinates (latitudes and longitudes) in the Nautical Chart produced by the National Mapping and Resource Information Authority (formerly the Bureau of Coast and Geodetic Survey)

Answer 21

lay-up areas

Question 22

is the fee levied against the vessels engaged in domestic trade, which are temporarily, authorize to lay-up and another at designated lay-up area.

Answer 22

lay-up fee

Question 23

vessels which have been decommissioned or otherwise unemployed and idle while waiting for better business prospects for their operations or when so authorized by the Authority.

Answer 23

lay-up vessels

Question 24

refers to containerized cargoes owned by or belonging to more than one shipper/consignee and/or covered by more than one bill of lading.

Answer 24

LCL container (Less container load)

Question 25

the total time that elapses between a placement of an order and its receipt. it includes the time required for the transmittal, processing; preparation, and transit of an order.

Answer 25

lead time