Shipping Terms




o

Object

A tangible of abstract thing of relevance to business.

Object Oriented Approach

The development of classes of business objects may support and have an impact on the developments in the area of simplification of EDI and its standards. A business object is a true representation of a tangible concept stemming from real business usage.

Obsolete Stock

The products or materials that cannot be or is unlikely to be used in future processes and which is to be sold or disposed of through the usual outlets.

Offshore

Contracting work carried out at sea (e.g. drilling for oil).

Oil Bulk Ore Vessel

Abbreviation: OBO-Vessel A vessel designed for the carriage of either dry or liquid bulk cargo.

On-line Charge

The charge which applies to carriage over the lines of a single carrier.

On-line Rate

See On-line Charge

Oncarriage

The carriage of goods (containers) by any mode of transport to the place of delivery after discharge from the ocean vessel (main means of transport) at the port (place) of discharge.

One Stop Shop

An organisation, which provides all needed requirements in one location.

One Way Pallet

Note: The addition 'One Way' has nothing to do with the number of pallet sides in which the forks of e.g. a fork lift can enter, as opposed to the two and four way pallets.

Open Sided Container

P&O Nedlloyd container with frames with wire-mesh at the sides covered by means of a tarpaulin, which can be dropped down to, give unrestricted access to the sides of the container for loading or discharging.

Open Top Container

A freight container similar in all respects to a general purpose container except that it has no rigid roof but may have a flexible and movable or removable cover, for example one made of canvas or plastic or reinforced plastic material normally supported on movable or removable roof bows.

Operating Efficiency

A ratio of the actual output of a piece of equipment, department, or plant as compared to the planned or standard output.

Operations Research

The development and application of quantitative techniques to the solution of problems. More specifically, theory and methodology in mathematics, statistics, and computing are adapted and applied to the identification, formulation, solution, validation, implementation, and control of decision making problems.

Operator

The party responsible for the day to day operational management of certain premises such as ware-houses, terminals and vessels.

Optimal Trim

The best calculated TRIM related to speed engine capacity, fuel consumption for a specific sailing condition.

Optimization

Achieving the best possible solution to a problem in terms of a specified objective function.

Option

One of a limited range of choices or features that is offered to a customer when purchasing an otherwise basic standard product and that has to be an integral part of the product (used in commercial trading).

Optional Cargo

Cargo of which the final destination is not known at the moment of booking but will be indicated during the transport.

Optional Port

A port of which it is not known whether or not a vessel during a voyage will make a call.

Order

A request to deliver specified quantities of goods or to render specific services.

Order Line

Each line on a customer's purchase order. An order line always contains one Stock Keeping Unit (SKU) only, but the number may vary.

Organisation

An identifiable social unit with a particular responsibility which endeavour to achieve multiple goals by co-ordinated activities and relationships between members and objects.

Out of Gauge Cargo

Cargo which dimensions are exceeding the normal dimensions of a 20 or 40 feet container, e.g. overlength, overwidth, overheight, or combinations thereof.

Outsider

A carrier, which operates on a route served by a liner conference but which is not a member of that conference.

Outsourcing

Subcontracting of activities.

Outturn Report

Written statement by a stevedoring company in which the condition of cargo discharged from a vessel is noted along with any discrepancies in the quantity compared with the vessel's manifest.

Outward Handling

The operations to be performed on outgoing goods from a production unit, both administrative and physical, starting at the moment forwarding orders can be executed to the moment of actual departure of the goods.

Over Pivot Rate

The rate per kilogram to be charged for the over pivot weight (air cargo).

Over Pivot Weight

The weight in excess of the pivot weight (air cargo).

Overcarrier

A carrier within a consortium who carries cargo beyond the allotment distributed to him.

Overheight Cargo

Cargo, exceeding the standard height.

Overlength Cargo

Cargo, exceeding the standard length.

Overpack

A unit used by a single shipper to contain one or more packages and to form one handling unit for convenience of handling and stowage. Dangerous goods packages contained in the overpack must be properly packed, marked, labelled and in proper condition as required by the Regulations regarding dangerous goods (air cargo).

Overtime

Work beyond normal established working hours which usually requires a premium to be paid to the employees concerned.

Overwidth Cargo

Cargo, exceeding the standard width.

Owner

The legal owner of cargo, equipment or means of transport.

Owner's Container Code

See Container Prefix

NEWS
dhl partners longhorn in vaccine delivery : dhl global forwarding, the air and ocean freight specialist of deutsche post dhl group, has partnered with longhorn vaccines & diagnostics to deliver much-needed covid-19 testing vials to the international organization for migration (iom) in kenya, nepal and the philippines. qatar airways appoints ecs group : as of february 21, ecs group, the leading gssa, with its established presence in the region and strong partnership with the airline in over 20 countries, is supervising the management of cargo capacity via its subsidiary globe air cargo. qatar airways appoints ecs group : as of february 21, ecs group, the leading gssa, with its established presence in the region and strong partnership with the airline in over 20 countries, is supervising the management of cargo capacity via its subsidiary globe air cargo. shell bitumen reappoints dhl : dhl supply chain has been reappointed by shell bitumen in a new five-year contract starting on 1 march 2021. shell bitumen reappoints dhl : dhl supply chain has been reappointed by shell bitumen in a new five-year contract starting on 1 march 2021. maersk sails through 2020 despite disruption : 2020 has been another year of solid progress for a.p. moller - maersk, both in terms of financial performance and in transforming the company. despite low volumes during most of 2020, profitability grew throughout the first nine months and ended the year with record q4 results in logistics and terminals, while ocean delivered an exceptional quarter driven by the increased volumes and current, temporary supply chain disruptions. port of rotterdam investigates green hydrogen : uniper and the port of rotterdam authority are investigating the possibilities of large-scale production of green hydrogen at the maasvlakte area in rotterdam. the parties have the ambition to realise a hydrogen plant on the site of uniper by 2025 with a capacity of 100mw and to expand this capacity to 500mw. the feasibility study will be completed this summer. dsv launches dsv customs classification : dsv launches a new customs classification service for international businesses called dsv customs classification. with the new service, dsv offers to perform customs classification on behalf of businesses, ensuring compliance with regulations and easing customers’ administrative hassle. qatar airways cargo to recommence middle east sales : effective 21 february 2021, qatar airways cargo will recommence cargo sales and bookings in the kingdom of saudi arabia, the united arab emirates and the arab republic of egypt with the appointment of general sales agents in these countries. unilode aviation solutions signs long-term agreement with la couverture : unilode aviation solutions, the market leader in outsourced unit load device (uld) management and repair services, and mdg group, a supplier of cold chain products and services for the food and pharmaceutical sectors, sign a long-term agreement for the repair of la couverture, a unique product developed and manufactured by mdg for the protection of temperature-sensitive products in the aviation supply chain. xpo logistics once again named a world's most admired company : xpo logistics, inc., a leading global provider of transportation and logistics solutions, has been named a world’s most admired company for 2021 by fortune magazine. xpo has been recognized by fortune as a world’s most admired company every year since 2018. turkish cargo prepares for 'cargo talks' industry discussion : turkish cargo is organizing a webinar titled “cargo talks” during which the valuable stakeholders of the air cargo industry, who finger on the pulse of the industry, will exchange opinions, and the important agenda items such as digitalization, vaccine transport, and the future of the industry will be discussed. the port of los angeles launches truck efficiency incentive : the port of los angeles is launching a new incentive program to move trucks faster and more efficiently through its terminals. ceva logistics expands south east asian reach : ceva logistics has further expanded its reach in south east asia with the opening of a new warehouse located in bien hoa city, dong nai province in vietnam. strategically located to the north east of ho chi minh city, this new facility has a range of convenient connections to the eastern economic zone as well as the city. ceva logistics expands south east asian reach ceva logistics has further expanded its reach in south east asia with the opening of a new warehouse located in bien hoa city, dong nai province in vietnam. strategically located to the north east of ho chi minh city, this new facility has a range of convenient connections to the eastern economic zone as well as the city. abu dhabi ports signs integrated maritime logistics agreement : safeen, abu dhabi ports’ maritime arm, has recently signed a historic agreement with allianz marine & logistics services (amls), to launch a new international provider of integrated maritime logistic services. qatar airways cargo announces re-wilding programme : qatar airways cargo announces chapter 2 of its sustainability programme weqare: rewild the planet. kuehne+nagel joins team malizia's sustainability and marine protection efforts : committed to marine protection and sustainable shipping, cma cgm, hapag-lloyd, msc and kuehne+nagel support the yacht racing team malizia under the motto: "a race we must win". with a strong environmental message, the partners are working for a sustainable future and contributing to ocean health by reducing worldwide co2 emissions while focusing on the main pillars: co2 reduction and transparency, science and education. port of dunkirk to rosslare increases capacity : as of wednesday 27 january, the "mv drotten", sistership of the "mv visby", will now call at the dfds seaways ro-ro terminal on the dunkerque-rosslare service (ireland). port of rotterdam sails through a rocky year : 2020 was quite a special year for the harbour master’s division of the port of rotterdam authority. covid-19 was a dominant factor in the port as well. additional corona containment measures led to an increase in work pressure.