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Shipping Glossary

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Shipping Glossary

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Ocean Bill of Lading (Ocean B/L)

Document indicating that the exporter will consign a shipment to an international carrier for transportation to a specified foreign market and indicates the terms of the contract of carriage. The ocean B/L serves as a collection document. If it is a straight B/L, the foreign buyer can obtain the shipment from the carrier by simply showing proof of identity. If it is a negotiable B/L, the buyer must first pay for the goods, post a bond, surrender the original B/L or meet other conditions agreeable to the seller

OCH

CONTAINER HANDLING CHARGE AT ORIGIN

OCP

OCP ADDITIONAL CHARGE

OCR

OPERATIONAL COST RECOVERY.

OCS

CONTAINER SERVICE CHARGE AT ORIGIN

ODCY

Off-Dock Container Yard

ODF

DOCUMENATIONUMENT HANDLING FEE AT ORIGININ

ODI

DELIVERED IN CHARGE FOR ICD AT ORIGININ

OFT

OCEAN FREIGHT

OGS

OUT OF GAUGE SURCHARGE


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