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Shipping Glossary

Support

Shipping Glossary

Total 52

On-Board

Cargo that has been loaded on board a combined transport mode of conveyance. Used to satisfy the requirements of a letter of credit, in the absence of an express requirement to the country

On-Board B/L

Validated at the time of loading to transport. Common types: on-board air, boxcar, container, rail, truck, vessel

OOP

OUT PORT SURCHARGE AT ORIGIN

OPC

OUT-PORT CHARGE

Open Account

A trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment

Open-Top Container

A container fitted with a solid removable roof or with a tarpaulin roof that can be loaded or unloaded from the top

Operating Ratio

A comparison of a carrier’s operating expense with its gross receipts

OPS

PORT SERVICE CHARGE AT ORIGIN

OPT

ADDITIONAL F.OPTION STOW

Optimum Cube

The highest level of cube utilization that can be achieved when loading cargo into a container


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