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Shipping Glossary
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Shipping Glossary
OSRCARRIER SECURITY SURCHARGE AT ORIGININ |
OSRAOcean Shipping Reform Act |
OTHTERMINAL HANDLING CHARGE AT ORIGININ |
OTIOcean Transportation Intermidiary. An OTI may be either an ocean freight forwarder, a non-vessel-operating common carrier (NVOCC), or both an ocean freight forwarder and an NVOCC. |
OTROTHER SURCHARGE |
OTSTERMINAL SECURITY CHARGE ORIGININ |
Out GateTransaction or interchange that occurs at the time a container leaves a rail or water terminal |
OVCDOvercarried |
Overheight CargoCargo stowed in an open-top container. projects above the uppermost level of the roof struts |
Overland Common Point (OCP)A term stated on the bills of lading offering lower shipping rates to importers east of the Rockies, providing merchandise from the Far East comes through the West Coast ports. OCP rates were established by US West Coast steamship companies in conjunction with western railroads so that cargo originating or destined for the American Midwest and East would be competitive with all-water rates via the US Atlantic and Gulf ports. Applies to eastern Canada |
