Release date: May 05, 2023      Hits: 4067    Comment: 0    
Note: O.R.:Ocean and RailO.D.:Outside diameterO.R. Det.:Owner's risk of deteriorationO.r.b.:Owner's risk or breakageO.

O. & R.: Ocean and Rail

O.D.: Outside diameter

O.R. Det.: Owner's risk of deterioration

O.r.b.: Owner's risk or breakage

O.R.F.: Owner's risk of fire or freezing

O.R.L.: Owner's risk of leakage

O.R.W.: Owner's risk of becoming wet

O.S. & D.: Over, short and damage

O/N: Order notify; own name

O/o: Order of

O/R: Owner's risk

OBO: Oil bulk ore: A vessel capable of carrying both dry and liquid bulk cargoes.

Ocean Bill of Lading: A receipt for cargo in transit, and a contract between the exporter and an ocean carrier for transportation and delivery of goods to a specified party at a specified foreign destination. Issued after the vessel has sailed and the cargo has been entered in the ship's manifest.

ODS: An acronym commonly used for the term "operating differential subsidy," which is a payment to an American-flag carrier by the federal government to offset the difference in operating costs between US and foreign vessels.

OECD: Organisation for Economic Co-operation & Development

OEEC: Organisation for European Economic Co-operation

Off-Line: Describes an airline that sells in a market to which it does not operate. An Off-Line carrier will use another operator to link with its network.

OFT: Office of Fair Trading

OOG - Out of gauge/profile: When cargo loaded is not within the dimensions of an ISO pontoon/stackmaster on which it is placed and protrudes from the sides or is too high.

Open Account: A high-risk trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment.

Open Policy: A cargo insurance policy that is an open contract; i.e., it provides protection for all an exporter's shipments afloat or in transit within a specified geographical trade area for an unlimited period of time, until the policy is cancelled by the insured or by the insurance company. It is "open" because the goods that are shipped are also detailed at that time. This usually is shown in a document called a marine insurance certificate.

Open top container: Container with a removable fabric roof which enables heavy/bulk cargo to be loaded into the container by crane/elevator.

Original Equipment Manufacturers (OEM accounts): Customers who incorporate the exporter's product into their own merchandise for resale under their own brand names.

Overlanded: Cargo discharged but not on the manifest, generally by accident

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