| |
|
| O.
& R. |
Ocean and Rail. |
| O.D. |
Outside diameter |
| O.R.
Det. |
Owner's risk of deterioration |
| O.r.b. |
Owner's risk or breakage. |
| O.R.F. |
Owner's risk of fire or freezing. |
| O.R.L. |
Owner's risk of leakage. |
| O.R.W. |
Owner's risk of becoming wet. |
| O.S.
& D. |
Over, short and damage. |
| O/N |
Order notify; own name. |
| O/o |
Order of. |
| O/R |
Owner's risk. |
| Ocean
Bill of Lading |
A receipt for cargo in transit,
and a contract between the exporter and an ocean carrier
for transportation and delivery of goods to a specified
party at a specified foreign destination. Issued after
the vessel has sailed and the cargo has been entered
in the ship's manifest. |
| ODS |
An acronym commonly used for the
term "operating differential subsidy," which
is a payment to an American-flag carrier by the federal
government to offset the difference in operating costs
between US and foreign vessels. |
| Off-Line |
Describes an airline that sells
in a market to which it does not operate. An Off-Line
carrier will use another operator to link with its
network. |
| Open
Account |
A high-risk trade arrangement in
which goods are shipped to a foreign buyer without
guarantee of payment. |
| Open
Policy |
A cargo insurance policy that is
an open contract; i.e., it provides protection for
all an exporter's shipments afloat or in transit within
a specified geographical trade area for an unlimited
period of time, until the policy is cancelled by the
insured or by the insurance company. It is "open" because
the goods that are shipped are also detailed at that
time. This usually is shown in a document called a
marine insurance certificate. |
| Original
Equipment Manufacturers (OEM accounts) |
Customers who incorporate the exporter's
product into their own merchandise for resale under
their own brand names. |
