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Shipping Glossary
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 |
OWCON-WHEEL CHARGE |
Owner Code (SCAC)Standard Carrier Abbreviation Code identifying an individual common carrier. A three letter carrier code followed by a suffix identifies the carrier's equipment. A suffix of “U” is a container and “C” is a chassis |
PACPENALTY FOR AWKWARD CARGO |
Packing ListItemized list of commodities with marks/numbers but no cost values indicated |
Paired PortsA US Customs program wherein at least two designated Customs ports will enter cargo that arrives at either port without the necessity of an inbound document |
