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Glossary of terms for phrases beginning with “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-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.


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.