Local limits in-board mooring post (7)

I believe the answer is:

bollard

I'm a little stuck... Click here to teach me more about this clue!

'mooring post' is the definition.
'bollard' can be an answer for 'post' (bollard is a kind of post). I am unsure of the 'mooring' bit.

'local limits in-board' is the wordplay.
'limits' suggests removing the centre.
'in' means one lot of letters goes inside another.
'local' with its centre removed is 'll'.
'll' placed into 'board' is 'BOLLARD'.

Can you help me to learn more?

(Other definitions for bollard that I've seen before include "Mooring post - traffic restriction device" , "Roadside post" , "Thick post for mooring" , "Short post barring traffic" , "Post on road or quay" .)

I've seen this clue in the Sydney Morning Herald.

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