SEP Manager Syslogs interpretation

Hi,

This is SEP Manager sample syslog event

<54>Jan 10 01:12:11 SEPM host: xxx001,Local: 123.123.12.30,Local: 80,Local: 0014DBGF2150,Remote: 9.9.9.34,Remote: ,Remote: 50229,Remote: 00155D731D00, ……

What does the "Local" and "Remote" mean? Is it the same as source IP and destination IP respectively?

thanks