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Shipping Glossary
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Shipping Glossary
Optional Discharge B/LCovering cargo with more than one discharge point option possibility |
ORCORIGININ RECEIVING CHARGE |
Order B/LIssued to the order of a party, usually the shipper, whose endorsement is required to affect its negotiation |
Order Nofify B/LIssued 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 |
ORFRAIL FUEL RECOVERYERY CHARGE AT ORIGININ |
OriginLocation where shipment begins its movement at cargo's expense |
Original B/L (OBL)Part of the B/L that has value, especially when negotiable; remaining parts are informational file copies |
Original Bill of Lading (O.B.L.)A document which requires proper signatures for consummating carriage of contract |
OS/DAbbreviation for Over, Short or Damaged. Usually discovered at cargo unloading |
