Glossary

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There are currently 5 names in this directory beginning with the letter L.

L.T.A. (Lettre de Transport Aérien)

The air waybill is the contract of carriage between the airline or an authorised agent and the consignor.

Late payment penalties"

See NRE.

Lettering

Accounting operation that consists of reconciling a payment with one or more invoices. The quality of lettering is a determining factor in the efficiency of collection and customer satisfaction.

Litigation

Customs litigation refers to disputes to which the customs is a party and which concern the interpretation and application of the customs law laid down in the Customs Code

Lock box

A technique which consists of transferring funds through a local bank with which you have signed an agreement without having opened an account.