Glossary
AL-BAHRIAH INSURANCE & REINSURANCE S.A.L.
© Al-Bahriah Insurance & Reinsurance S.A.L. - Email: info@bahriah.com - Phone: +961 1 336633 - Fax: +961 1 612311
Address: 770, Al-Bahriah House, Hotel Dieu Avenue, Beirut - Lebanon
Glossary
Laid-up
Lashing
Distance in degrees, minutes, seconds North and South of the equator.
A ship is laid up when moored in a harbor with the intention of
temporary cessation of trading.
Latitude
Lien
Longitude
Limit of indemnity
Liner
List
Lightship
Load line
Log book
either “per accident”, “per event”, “per occurrence”, “per clause” or
“per annum”.
Load line zone
Devices such as wires, chains, ropes, straps used to secure cargo
on a ship.
A legal right to hold the property of another as security for the
fulfillment of some obligation.
Inclination of a ship to one side, measured in degrees.
Weight of a ship determined by the ship-yard during construction
and used for calculation of value when sent to demolition.
A vessel employed on a regular pattern schedule, loading and discharging
Maximum draft to which a vessel can be loaded under various circumstances.
Lines, whereby the vessel’s hull must be appropriately immersed to a
Load Line in accordance of each of the five types of zone: tropical,
summer, winter, seasonal tropical and seasonal winter.  
Mandatory book on board a ship containing details of its daily running.
Distance in degrees, minutes and seconds East and West of the meridian.
Loss
Loss adjuster
An event which may give rise to a claim under a policy of insurance. The
disappearance of the subject-matter insured as distinct to its survival in a
“damage” situation.
An individual acting on the instructions of insurers and employed in the
Lubrication oil
Oil used in ship's machinery to reduce frictional resistance between
moving parts of the mechanical system.
 البحــــــريـــــــة للضمـــــــان واعـــــــادة الضمــــــــان ش.م.ل