Company Information

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Shipping Glossary

Support

Shipping Glossary

Total 52

O.E.C.D.

Organization of Economic Cooperation and Development, headquartered in Paris with membership consisting of the World’s Developed Nations

O.P.I.C.

Overseas Private Investment Corporation

O/F

OCEAN FREIGHT

OAR

ARBITRARY CHARGE AT ORIGIN

OBS

OBL SURRENDER CHARGE

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


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