SM Line

Support

Shipping Glossary

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

Optional Discharge B/L

Covering cargo with more than one discharge point option possibility

ORC

ORIGININ RECEIVING CHARGE

Order B/L

Issued to the order of a party, usually the shipper, whose endorsement is required to affect its negotiation

Order Nofify B/L

Issued usually to the order of the shipper with the additional clause that the consignee is to be notified upon arrival of the merchandise. Such mention of the consignee does not give the consignee title to the merchandise

Order-Notify (O/N)

A bill of lading term to provide surrender of the original bill of lading before freight is released; usually associated with a shipment covered under a letter of credit

Support

Support

Shipping Glossary

Open-Top Container

Operating Ratio

OPS

OPT

Optimum Cube

Optional Discharge B/L

ORC

Order B/L

Order Nofify B/L

Order-Notify (O/N)

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