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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Glossary of Trade & Shipping Terms - O:
OBL Original bill of lading.
See also Negotiable Bill of Lading.
OMT, ORT, DMT Origin Motor Terminal, Origin Rail Terminal, Destination Motor Terminal.
Location designated by a motor/rail carrier at origin/destination points where, the motor carrier or his authorised agent assembles, holds or stores an ocean carrier's containers and chassis; where loaded containers are received from shippers or their agents; where empty containers are delivered to shippers or their agents.
On Deck Stowage Cargo stowed on the deck of the vessel.
On-Carriage The carriage of goods (containers) by any mode of transport to the place of delivery after discharge from the ocean vessel (main means of transport) at the port (place) of discharge.
On-Time Performance The proportion of time that a transit system adheres to its published schedule times within stated tolerances.
Open Rates Rates established for each individual carrier. These rates are listed in a tariff list but may differ according to carrier.
Order Cycle This includes the time and the process involved from the placement of the order to the receipt of the shipment. It includes the following processes: Communicating the order, order processing, transporting the shipment.
Out of Gauge Cargo which exceeds the internal dimensions of the container in width, length or height.
Outbound Export shipments.
Outport Destination port, other than a base port, to which rates apply but which may be subject to additional outport arbitraries.
Outsource To hire a third-party provider to assume tasks previously performed in-house.
Over Landed (1) Cargo volume count more than originally shipped.
(2) Cargo taken beyond original port of discharge.
Overland Common Port (OCP) A special rate concession made by shipping lines, rail carriers and truckers serving the U.S. West Coast for export and import traffic, intended to benefit midwest shippers and importers by equalising rates to and from other coastal areas, and offering these midwest companies a comparable alternative. The steamship companies lower their rates and the inland carriers pick up the terminal charges, which consist of handling charges, wharfage charges and car loading or unloading charges. OCP rates apply to cargo shipped from or consigned to the states of: North Dakota, South Dakota, Nebraska, Colorado, New Mexico and all states east thereof. OCP rates in Canada apply to the provinces of: Manitoba, Ontario and Quebec.
 
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TRANSOCEAN FORWARDING AND COMMERCE (TFC)
HEAD OFFICE CAIRO:
8 Sizostrees street-Korba- 1st floor , Flat 103 , Heliopolis-Cairo
Tel.: +2 02 2417 8738 2419 4948
Fax: +2 02 2414 8409
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