LOC
Letter of Compliance (USA)
Local Cargo
Cargo delivered to/from the carrier where origin/destination of the cargo is in the local area.
Local toxicity
Adverse effects seen at the site where the test material comes into initial contact with the organism.
Localized Corrosion
Corrosion preferentially concentrated on discrete sites of the metal surface exposed to the corrosive environment
Location swap
A deal in which companies trade oil in one place for some somewhere else.
Lock and Dam
a device for raising and lowering boats from one water level to another. It is often associated with a dam.
Locks
Tows must navigate through locks in order to get around dams on the rivers. Many locks on the nation's waterways are now over 60 years old and are too small to accommodate the size of the modern tows, forcing those tows to be broken up and taken through the lock piecemeal. Since this affects the industry's efficiency and safety, the towing industry is asking Congress to approve locks modernization projects. The industry pays half the cost of modernization through a fuel tax.
LOF
Lloyd’s Open Form. (Salvage Agreement), 1995
LOF 95
Lloyds Standard Form of Salvage Agreement
Log P OW
See Octanol-water partition coefficient
Log Tipping Ship
A vessel equipped to transport logs discharge them into the water by tipping itself
Log Towing
One disappearing but fascinating function of the towing industry is log towing, where small boats pull logs on rivers to sawmills in log rafts, frames of logs connected with chains within which are hundreds of logs. Today, this operation is only performed in the Pacific Northwest.
Logistics Vessel (Naval Ro-Ro Cargo)
A naval auxiliary vessel. With ro-ro capability
LOLO
Lift On Lift Off ship
Long Haul
Operation on ship requiring the hauling of a lot of line. Also seen in short haul, an operation requiring little line.
Long residue
see ATMOSPHERIC RESIDUE
Long Shot
In old warships, the muzzle-loading cannon were charged with black powder of uncertain potency that would propel the iron shot an equally uncertain distance with doubtful accuracy. A 24-pounder long gun, for instance, was considered to have a maximum effective range of 1200 yards, even though, under the right conditions, a ball might travel some 3000 yards. Similarly, a short, stubby 32-pounder carronade’s lethality faded fast beyond 400 yards. Thus, the odds were against a hit when one fired a long shot.
Longitudinal Axis
Ship Stability: an axis drawn through the body of the vehicle from tail to nose in the normal direction of movement, or the direction the pilot faces. Parallel to the waterline.
Longshoreman
Individual employed in a port to load and unload ships.
Longshoremen
those employed to unload and load ships
Loose Cannon
A cannon having come loose on the deck of a pitching, rolling, and yawing deck could cause severe injury and damage. Has come to mean an unpredictable or uncontrolled person who is likely to cause unintentional damage.
LOSG
Lower Olefins Sector Group, a sector group of the Association of Petrochemicals Producers in Europe (APPE). For more information, click here.
Lovibond
This refers to a widely used system by which the colour of an oil can be measured. The essential features of this system consist of a light source, a series of calibrated coloured glasses forming the standards of reference and an instrument in which they can be matched against the oil. The colour scale consists of three series of coloured glasses - red, yellow and blue. These glasses are moved into position against the sample viewed until a match is obtained. This removal method is now becoming obsolete since a fully automated Lovibond meter was developed. The method was first developed by Mr Lovibond for the measurement of the colour of beer at his brewery in Salisbury, England in the Eighteenth Century and has been traditionally used for oil colours.
Low pour
A description of distillate or residual fuel oils, which flow at relatively low temperatures. Sometimes, the industry uses this term, and its opposite, informally. Frequently, though, it designates oil meeting specific standards of a particular market.
Low-speed diesel
Very powerful, heavy-duty diesel engines such as those used to drive ocean-going ships and large electricity generators.These engines burn residual oil.
Low–Boy
A trailer or semi–trailer with no sides and with the floor of the unit close to the ground.
LPD
Load port disbursements
LPG
Liquefied Petroleum Gas: A nonrenewable gaseous fossil fuel, which turns to liquid under moderate pressure;by-product of natural gas processing and oil refining
LPG
Liquified petroleum gas. Propane and butane captured as by-products of natural gas and crude oil processing.
LPG Barge, propelled
A self propelled tanker barge for the bulk carriage of Liquefied Petroleum Gas
LPG carriers
Tankers fitted to transport such volatile products as propane, butane, ammonia, and vinyl chloride monomer. These cargoes require high-pressure or refrigerated storage to keep them in liquid form. In these times of slack employment in their specialty, some of these tankers haul low-density clean products such as natural gasoline and naphtha. A few LPG carriers equipped with unusually powerful cooling systems can transport ethylene.
LPG Tank Barge, non propelled
A non propelled tank barge for the carriage of LPG
LPG Tanker
A tanker for the bulk carriage of Liquefied Petroleum Gas in insulated tanks, which may be independent or integral. The cargo is pressurised (smaller vessels), refrigerated (larger vessels) or both ('semi-pressurised') to achieve liquefaction.
LPG/Chemical Tanker
An LPG tanker additionally capable of the carriage of chemical products as defined in the International Bulk Chemical Code
LPGC
Liquified petroleum gas carrier
LR
Lloyds Register or Long Range
LR-1
AFRA's large-range 1 tankers. These ships' deadweight tonnages fall between 45,000 and 79,999.
LR-2
AFRA's large-range 2 tankers. These vessels have deadweight tonnages between 80,000 and 159,999.
LR1 Tanker
Long Range 1 (LR1) Tanker - Product tanker ranging in size between 45,000 and 79,999 deadweight tonnes. Main trade routes are Middle East Gulf to the Far East and Europe, or from northwest Europe to the United States.
LR2 Tanker
Long Range 2 (LR2) Tanker - Product tanker ranging in size from 80,000 to 159,999 deadweight tonnes. Main trade routes are Middle East Gulf to the Far East and Europe, or from northwest Europe to the United States. The LR2 segment consists of the largest product tankers. The LR2 tankers usually transport “clean products” on the long distances from the Middle East to countries in Asia or Northern Europe. The LR2 tankers mainly transport “dirty products” on the long or intermediate distances out of the Black Sea to the Mediterranean or to the USA, or from the Baltic or the North Sea to Northern Europe or the USA.
LRF
Lloyds Register Fairplay: Publications such as the Register of Ships and the World Shipping Directory, Lloyd's Register - Fairplay also provides bespoke data services and market analyses.
LSA
Life Safety Appliances
LSD
Landing Ship Dock or Landing Storage and Delivery
LSD
Lashed, Secured and Dunnaged
LSLSDU
Loaded, stowed, lasned, secured, dunnaged and unlashed
LTBENDS
Liner Terms, Both Ends
LTI
Lost Time Injury - Key performance indicator measuring the loss of productive time due to injury.
LTSBE
Laytime saved both ends
Lubricating Oil
Is a Clean Petroleum Product (CPP) as defined in this section. It is a product of many specialist grades derived through the blending of components known as Base Oils.
Lump Sum
An agreed sum of money for freight, irrespective of the amount of cargo carried.
Lumpsum
A price for oil transportation quoted as a total for the cargo. This approach differs from the popular practice of charging a rate per ton carried. Lumpsums also differ from the rate method by including canal tolls and other items usually treated as surcharges.
LVOC
Large Volume Organic Chemicals
LWNA
Lumber Winter North Atlantic
LWOST
Low Water On Ordinary Spring Tides
M
Measurement (ton of 35,3 cubic feet) or Meter
M/D
Months after date or Malicious damage
M/M or MIN/MAX
Minimum / maximum
M/S
Motor Ship or Mate's Receipt
M/V
Motor vessel/merchant vessel
Macro-Bridge
Also known as "land bridge:. It is the same as mini-bridge, except that it involves substitution of land transportation across the United States in place of water service, for traffic that originates and terminates outside of the United States.
Mainstay
A stay that extends from the maintop to the foot of the foremast of a sailing ship. Currently, a thing upon which something is based or depends.
Maintenance Platform, jack up
A jack up offshore maintenance platform
Maintenance Platform, semi Submersible
A semi submersible offshore maintenance platform
MAK
Maximale ArbeitsplatzKonzentrationen (maximal occupational exposure concentrations)