Glossary Of International Shipping Terms: O
O.C.P. rate
Overland Common Point rates which are generally lower than local tariff rates. They were established by the U.S. West Coast steamship companies in conjunction with railroads serving the western U.S. ports so that cargo originating or destined to the American Midwest and East would be competitive with all-water rates via the U.S. Atlantic and Gulf ports. O.C.P. rates are also applicable to eastern Canada.
O.R.C.
Origin Receiving Charge. A Terminal Handling Charge levied at ports of loading.
Ocean Bill of Lading (Ocean B/L)
A bill of lading issued by the ocean-going carriers.
Ocean Route
The all-water transportation portion of a route.
On Board
Cargoes or containers landed onto the cargo hold or the cells of carriers.
On Board Bill of Lading
A Bill of Lading in which a carrier acknowledges that cargoes have been placed on board a certain vessel. The on-board date of bills of lading is the date on which liabilities of the carrier start.
On Deck
A special stowage instruction to confine that the cargo stowage must be on deck rather than under deck.
One-Way lease
The lease of containers that covers the outbound voyage only, after which the container is returned to the lease holder at or near destination agreed.
Open-Top Container
A container fitted with a solid removable roof or with a tarpaulin roof that can be loaded or unloaded from the top.
Outbound
Outward bound. Direction of vessel or cargo going out from port of loading or point/place of receipt.
Overheight Cargo
Cargoes which exceed 9-1/2 ft. in height. They have to be stowed normally in an open-top container.
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