Freight, shipping and chartering glossary
| Type | Meaning |
|---|---|
| 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 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. |
| 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. |
| 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 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. |
| 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. |
| 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 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. |
| 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. |
| 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 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. |
| 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. |
| 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 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. |
| 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. |
| 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 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. |
| 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. |
| 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. |
| Off-load |
Discharge of cargo from a vessel. |
