Freight, shipping and chartering glossary

Type	Meaning
Overtonnaging	A situation where there are too many ships generally or in a particular trade for the level of available cargoes.
Open Top Container	A container with an open roof and designed to carry cargo that is too large to be loaded through standard container doors, such as machinery.
Open Registry	A term used in place of "flag of convenience" or "flag of necessity" to denote registry in a country that offers favorable tax, regulatory, and other incentives to ship owners from other nations.
Open Rates	A rate negotiated by a shipper at a shipping line (conference) for additional loading of the agreed limited consignment to one of the vessels of the line.
Off-load	Discharge of cargo from a vessel.
Off-hire Clause	Terms of a time charter agreement on the suspension of payment for the use of a vessel.
Ocean Waybill	A document that draws up the contract for the carriage of goods by sea.
Ocean Freight	The shipping of goods by sea via shipping containers.
Overtonnaging	A situation where there are too many ships generally or in a particular trade for the level of available cargoes.
Open Top Container	A container with an open roof and designed to carry cargo that is too large to be loaded through standard container doors, such as machinery.
Open Registry	A term used in place of "flag of convenience" or "flag of necessity" to denote registry in a country that offers favorable tax, regulatory, and other incentives to ship owners from other nations.
Open Rates	A rate negotiated by a shipper at a shipping line (conference) for additional loading of the agreed limited consignment to one of the vessels of the line.
Off-load	Discharge of cargo from a vessel.
Off-hire Clause	Terms of a time charter agreement on the suspension of payment for the use of a vessel.
Ocean Waybill	A document that draws up the contract for the carriage of goods by sea.
Ocean Freight	The shipping of goods by sea via shipping containers.
Overtonnaging	A situation where there are too many ships generally or in a particular trade for the level of available cargoes.
Open Top Container	A container with an open roof and designed to carry cargo that is too large to be loaded through standard container doors, such as machinery.
Open Registry	A term used in place of "flag of convenience" or "flag of necessity" to denote registry in a country that offers favorable tax, regulatory, and other incentives to ship owners from other nations.
Open Rates	A rate negotiated by a shipper at a shipping line (conference) for additional loading of the agreed limited consignment to one of the vessels of the line.
Off-load	Discharge of cargo from a vessel.
Off-hire Clause	Terms of a time charter agreement on the suspension of payment for the use of a vessel.
Ocean Waybill	A document that draws up the contract for the carriage of goods by sea.
Ocean Freight	The shipping of goods by sea via shipping containers.
Off-hire Clause	Terms of a time charter agreement on the suspension of payment for the use of a vessel.
Ocean Freight	The shipping of goods by sea via shipping containers.
Ocean Waybill	A document that draws up the contract for the carriage of goods by sea.
Off-load	Discharge of cargo from a vessel.
Open Registry	A term used in place of "flag of convenience" or "flag of necessity" to denote registry in a country that offers favorable tax, regulatory, and other incentives to ship owners from other nations.
Open Top Container	A container with an open roof and designed to carry cargo that is too large to be loaded through standard container doors, such as machinery.
Overtonnaging	A situation where there are too many ships generally or in a particular trade for the level of available cargoes.
Open Rates	A rate negotiated by a shipper at a shipping line (conference) for additional loading of the agreed limited consignment to one of the vessels of the line.
Overtonnaging	A situation where there are too many ships generally or in a particular trade for the level of available cargoes.
Open Top Container	A container with an open roof and designed to carry cargo that is too large to be loaded through standard container doors, such as machinery.
Open Registry	A term used in place of "flag of convenience" or "flag of necessity" to denote registry in a country that offers favorable tax, regulatory, and other incentives to ship owners from other nations.
Open Rates	A rate negotiated by a shipper at a shipping line (conference) for additional loading of the agreed limited consignment to one of the vessels of the line.
Off-load	Discharge of cargo from a vessel.
Off-hire Clause	Terms of a time charter agreement on the suspension of payment for the use of a vessel.
Ocean Waybill	A document that draws up the contract for the carriage of goods by sea.
Ocean Freight	The shipping of goods by sea via shipping containers.
Open Rates	A rate negotiated by a shipper at a shipping line (conference) for additional loading of the agreed limited consignment to one of the vessels of the line.
Ocean Freight	The shipping of goods by sea via shipping containers.
Ocean Waybill	A document that draws up the contract for the carriage of goods by sea.
Off-hire Clause	Terms of a time charter agreement on the suspension of payment for the use of a vessel.
Off-load	Discharge of cargo from a vessel.
Open Top Container	A container with an open roof and designed to carry cargo that is too large to be loaded through standard container doors, such as machinery.
Open Registry	A term used in place of "flag of convenience" or "flag of necessity" to denote registry in a country that offers favorable tax, regulatory, and other incentives to ship owners from other nations.
Overtonnaging	A situation where there are too many ships generally or in a particular trade for the level of available cargoes.
Off-load	Discharge of cargo from a vessel.
Off-hire Clause	Terms of a time charter agreement on the suspension of payment for the use of a vessel.