FreightAmigo Academy – Shipping Terms

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There are currently 25 terms in this directory beginning with the letter O.
Ocean Transport Intermediary (OTI)
Used in our Operating System to denote freight forwarding shipments; used more generally to describe an ocean freight forwarder/ NVOCC.

On Deck Stowage
Cargo stowed on the deck of the vessel.

On-Carriage
Service of providing inland import transportation to our customer's premises from the port of discharge. This offers the customer flexibility of door to door transportation.This service is applicable when the carrier provides inland transportation to the desired inland location, based on the request of the customer.

On-Time Performance
The proportion of time that a transit system adheres to its published schedule times within stated tolerances.

Open Issues List (OIL)
During the course of any project questions will arise. Keep a working list of open issues and identified problems which must be solved. Update the status of each issue as it is addressed.

Open Rates
Rates established for each individual carrier. These rates are listed in a tariff list but may differ according to carrier.

Operations Info Portal (OIP)
A News solution on Connect enabling quick and efficent sharing of information relating to daily operations. Possible to subscribe to customizable alerts.

Opportunity Management Evaluation Board (OMEB)
The sales opportunities where we want regional support from the solution engineers and building blocks team need to be passed through the OMEB and approved before assistance is provided

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.

Order Management System (OMS)
Order Management System. It is any tool or platform that tracks sales, orders, inventory, and fulfillment as well as enables the people, processes, and partnerships necessary for products to find their way to the customers who bought them

Order Processing
Process or work-flow associated with the picking, packing and delivery of the packed items to a shipping carrier

Origin Charge
Origin charges will apply for every shipment, but who pays for them depends on the incoterm.

Origin Charge Catalogue (OCC)
The OCC is a document containing Damco’s standard charges for origin related activities. Charges are assessed annually and adjusted subject to cost inflation, market development and profitability objectives.

Origin Engineering
Origin engineering is the relocation of part of a product's manufacturing from one country to another country to avoid unfavorable trade restrictions, such as higher duty rates or quotas.

Origin Motor Terminal, Origin Rail Terminal, Destination Motor Terminal (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.

Origin/Destination Booking Services (OBK/DBK)
Booking Services at Origin or Destination, a single point of contact provided with accurate and timely freight bookings.

Original Bill of Lading (OBL)
An original bill of lading is a shipping document that serves as the title of the cargo and a shipment receipt.

Original Equipment Manufacturer (OEM)
A company that produces parts and equipment that may be marketed by another manufacturer.

Out of Gauge Service
The service is to handle and ship cargo that is "out-of-gauge". This is to provide the ability to ship cargo which exceeds the dimensions of standard containers by length, width, height and/or weight, but which still remains feasible for the carrier to handle as 'containerized cargo'. This fee is applicable to out of gauge shipments.

Out-of-Gauge Cargo (OOG)
Out-of-Gauge Cargo describes break bulk cargo, which is not suitable for stuffing into a standard container due to the cargo dimensions and which requires the use of special equipment like flat racks, platforms- or open top containers.

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.