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TeachMeFinance.com - explain London clause historic definition... London clause -- The name given to a clause inserted in a bill of lading which relieves the vessel from the payment of handling or dock charges on the cargo when landed at London and imposes such charges on the shipper. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.