Liner terms (LI/LO) are a type of qualification that can be applied to a freight rate. They indicate that the rate includes the cost of cargo handling at the loading and discharging ports according to the custom of those ports.
In the shipping industry, “liner terms” refer to the standard conditions of carriage that are used for the transport of goods by ocean-going vessels. These conditions typically cover the responsibilities of the carrier, the shipper, and the consignee, as well as the liabilities and risks associated with the transportation of the goods.
However, it's important to note that the specifics of what is included in a liner term freight rate can vary widely depending on the country and the port. In some ports, the freight rate may exclude all cargo handling costs, while in others the cost of handling between the hold and the ship's rail or quay may be included.
Therefore, it's important to carefully review the liner terms and any applicable qualifications when negotiating a freight rate to ensure that you understand what is and isn't included in the rate. This will help you avoid any unexpected costs or liabilities during the transportation of your goods.
LI
LI is an abbreviation that stands for loading. In the shipping industry, to indicate that the freight rate includes the cost of loading the cargo at the port of origin.
Liner terms are the standard conditions of carriage that are used for the transport of goods by ocean-going vessels. These conditions typically cover the responsibilities of the carrier, the shipper, and the consignee, as well as the liabilities and risks associated with the transportation of the goods.
The abbreviation LI is used to indicate that the freight rate includes the cost of loading the cargo at the port of origin. This means that the carrier will be responsible for loading the cargo onto the ship, and the shipper will not be responsible for any associated costs.
LO
LO is an abbreviation that stands for discharging. In the shipping industry, it is often used in conjunction with the term “liner terms” to indicate that the freight rate includes the cost of discharging the cargo at the port of destination.
Liner terms are the standard conditions of carriage that are used for the transport of goods by ocean-going vessels. These conditions typically cover the responsibilities of the carrier, the shipper, and the consignee, as well as the liabilities and risks associated with the transportation of the goods.
The abbreviation LO is used to indicate that the freight rate includes the cost of discharging the cargo at the port of destination. This means that the carrier will be responsible for unloading the cargo from the ship at the port of destination, and the consignee will not be responsible for any associated costs.