Abstract: A dilutable concentrate with extended shelf life for use in preparing an aqueous conveyor and cutting lubricant that demonstrates greatly improved lubricity, is provided. The dilutable concentrate employs a combination of polyamines, and an alkoxylated alcohol nonionic surfactant. The inventive lubricant may be used to lubricate conveyor chains in bottling plants and canneries, and may be applied directly to saw blades, files and cutters.