L/C: Abbreviation for ”Letter of Credit.”

Laden: Loaded aboard a vessel.

Letter of Credit (LC) : A document, issued by a bank per instructions by a buyer of goods,

authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by

the bank of certain documents within a given time. Letter of Indemnity : In order to obtain the clean bill of lading, the carriers may accept that the

shipper signs a letter of indemnity to the carrier on the basis of which may be obtained the clean bill

of lading, although the dock or mate’s receipt showed that the shipment was damaged or in bad