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OVs
Orientation Visits
over stow
To stow an item of cargo on top of another in a ship.
original bill of lading
Bill of lading that bears the original signature of the master of a ship or his agent.
optional cargo
Cargo that is destined for one of the ship's discharge ports, where the exact port is not known when the goods are loaded. The optional cargo is stowed so that it can be removed at any of the optional ports without disturbing other cargo.
open top container
Shipping container that has an open top instead of a solid roof to enable cargo, such as timber, to be loaded from the top. The container is covered by waterproof sheeting while in transit.
open side container
Shipping container with side doors that drop down to give unrestricted access to the sides of the container for loading or discharging.
open rate
Freight rate negotiated by a shipper with a shipping line for shipping in excess of a minimum agreed quantity of cargo on any one ship.
Open Insurance Policy
A marine insurance policy that applies to all shipments made by an exporter over a period of time rather than to a single shipment.
OPEC
Organization of Petroleum Exporting Countries
oil port
Port whose main or only type of cargo handled is oil. This port is often characterized with deep water jetties to accommodate large oil tankers and with storage tanks and refineries.
Off
hire
Offshore Manufacturing
Offshore manufacturing is the foreign manufacture of goods by a domestic firm primarily for import into its home country.
OFD
Ocean Freight Differential
OEM
Original Equipment Manufacture
Ocean Freight Forwarder
See: Freight Forwarder.
Occ.
Occurrence
Oc.B/L
Ocean bill of landing
obo
Oil/bulk/ore carrier
OBL
Ocean Bill of Lading
O/t
On truck
O/o
Order of
O/D
Overdeck
o/d
On demand
o/c
Overcharge, open cover
O/b
On board
o/a
On account of
O.R.
Owner's risk, Original rate
O.N.R.
Original net rate
O.B.O.
Oil/bulk/ore carrier
O.A.L.
Overall length
o.a.
Over all