O/C
Open Cover.
OBO Vessel
→ Oil Bulk Ore Vessel
Obsolete Stock
Products
or materials that cannot be or are unlikely to be used in future
processes and which are to be sold or disposed of through the usual
outlets.
Ocean Bill of Lading
Bill of Lading (B/L) issued by the actual shipping line.
→ Air Waybill → Consignment Note → Through Bill of Lading
OEM
→ Original Equipment Manufacturers
Offshore Logistics
The organization of logistics contract work carried out at sea (e.g. logistics in drilling for oil).
Oil Bulk Ore Vessel
Abbreviation: OBO Vessel. Vessel, designed for the carriage of either dry or liquid bulk cargo.
On Board Bill of Lading
Bill of Lading confirming the receipt of merchandise and the fact that it was loaded on board the ocean vessel.
On Deck Bill of Lading
Bill of Lading which states that the cargo has been stowed on deck.
On-Line Charge
Charge which applies to carriage over the lines of a single carrier (air cargo).
Synonym: → Local Charge → Local Rate → On-Line Rate
On-Line Rate
→ On-Line Charge
Oncarriage
Carriage
of goods (containers) by any mode of transport to the place of delivery
after discharge from the ocean vessel (main means of transport) at the
port (place) of discharge.
→ Transshipment
One-Way Pallet
Disposable
Pallet, only used once. Note: The addition “One Way” has nothing to do
with the number of pallet sides in which the forks of e.g. a fork lift
can enter, as opposed to the two- and four-way pallets.
→ Disposable Pallet
Onshore Logistics
The organization of logistics contract work carried out on land.
Open Account
Abbreviation:
O/A. Trade arrangement in which goods are shipped to a foreign buyer
without guarantee of payment. The obvious risk this method poses to the
supplier makes it essential that the buyer’s integrity be
unquestionable. The transaction is payable when specified (i.e., R/M
return mail; E.O.M. end of month; 30 days – 30 days from date of
invoice; 2/10/60 – 2% discount for payment in 10 days, net if paid 60
days from date of invoice). If no term is specified O/A usually implies
payment by return mail.
Open Insurance Policy
Marine
insurance policy that applies to all shipments made by an exporter over
a period of time rather than to one shipment only.
Open Order
→ Backlog
Open Position
Exposure to a foreign-exchange risk not covered by an offsetting transaction.
Open-Sided Container
Shipping
container with frames of wire mesh at the sides covered by means of a
tarpaulin which can be dropped down to give unrestricted access to the
sides of the container for loading or discharging.
Open-Top Container
Shipping
container similar in all respects to a general purpose container except
that it has no rigid roof but may have a flexible and movable or
removable cover, for example one made of canvas or plastic or
reinforced plastic material normally supported on movable or removable
roof bows.
Operating Efficiency
Ratio of the actual output of a piece of equipment, department, or plant as compared to the planned or standard output.
Operator
Party responsible for the day-to-day operational management of certain premises such as warehouses, terminals and vessels.
Optimal Trim
Best calculated trim related to speed engine capacity, fuel consumption for a specific sailing condition.
Optimization
Achieving the best possible solution to a problem in terms of a specified objective function.
Optional Cargo
Cargo
of which the final destination is not defined at the moment of
departure of the vessel, but will be indicated during the voyage.
Optional Port
Port of which it is not known whether or not it will be called by a vessel during a voyage.
Optional Stowage Bill of Lading
Bill
of Lading which gives the carrier the right to stow cargo wherever they
see fit, especially with respect to the stowage of containers on deck.
Order
Request to deliver specified quantities of goods or to render specific services.
Order Bill of Lading
Negotiable Bill of Lading made out to the order of a named party.
Order Line
Each
line on a customer’s purchase order. An order line always contains one
Stock Keeping Unit (SKU) only, but the number may vary.
Original Equipment Manufacturers
Abbreviation:
OEM. Customers who incorporate the exporter’s product into their own
merchandise for resale under their own brand names.
Out of Gauge Cargo
Cargo
of which dimensions exceed the normal dimensions of a 20- or 40-feet
container, e.g. overlength, overwidth, overheight, or combinations
thereof.
Outsider
Shipping line, which operates on a route served by a liner conference but which is not a member of that conference.
Outturn Report
Written
statement by a stevedoring company in which the condition of cargo
discharged from a vessel is noted along with any discrepancies in the
quantity compared with the vessel’s manifest.
Outward Handling
Operations
to be performed on outgoing goods from a production unit, both
administrative and physical, starting at the moment forwarding orders
can be executed to the moment of actual departure of the goods.
Over Pivot Rate
Rate per kilogram to be charged for the over pivot weight (air cargo).
→ Pivot Weight
Over Pivot Weight
Weight in excess of the pivot weight (air cargo).
→ Pivot Weight
Overage Additional Premium
All
additional premiums charged on an open cover declaration where the
carrying vessel is outside the scope of the classification clause. It
may be applied, also, to additional premium charged for breach of
navigational warranties (e.g. institute warranties) where the ship is
more than 15 years old.
Overcarrier
Carrier within a consortium which carries cargo beyond the allotment distributed to them.
→ Undercarrier
Overheight Cargo
Cargo exceeding the standard height.
Overlength Cargo
Cargo exceeding the standard length.
Overpack
Unit
used by a single shipper to contain one or more package(s) and to form
one handling unit for convenience of handling and stowage. Dangerous
goods packages contained in the overpack must be properly packed,
marked, labeled and in proper condition as required by the regulations
regarding dangerous goods (air cargo).
Overtime
Work beyond normal established working hours.
Overwidth Cargo
Cargo exceeding the standard width.
Owner
Legal owner of cargo, equipment or means of transport.
Owner’s Container Code
→ Container Prefix |
