Terms used in shipping such as Organization of African Unity,Organization of American States, Original Bill of Lading etc.
This post explains about terms used in shipping such as Organization of Eastern Caribbean States, Organization of African Unity,Organization of American States, Original Bill of Lading,overage,Ourturn Weight,Out Gate,Outsider , Overlanded etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
Terms used in shipping
Organization for the Development of the Senegal River - The Organization (French: Organisation pour la Mise en Valeur du Fleuve Senegal, OMVS) promotes hydroelectric, irrigation and navigation use of the Senegal river. The organization was established in March 1972; headquarters are in Dakar, Senegal. Members include: Guinea-Bissau, Mali, Mauritania, and Senegal.
Organization of African Trade Union Unity - OATUU is recognized as the sole representative of African organized labor by the Organization of African Unity (OAU) and the International Labor Organization (ILO). OATUU is formally non-aligned and independent of all internaitonal trade union organizations, but maintains relations with trade unions worldwide. OATUU headquarters are in Accra, Ghana.
Organization of African Unity - The OAU, founded in May 1963 with 32 African countries, has since grown beyond 5 members. The Organization aims to further African unity and solidarity, to coordinate political, economic, cultural, scientific, and defense policies; and to eliminate colonialism in Africa. Members include: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central Africa Republic, Chad, Comoros, Congo, Cote d'Ivoire, Egypt, Equatorial Guinea, Ethopia, Gabon, the Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zaire, Zambia, Zimbabwe. OAU headquarters are in Addis Ababa, Ethiopia.
Organization of American States - The OAS (Spanish: Organizacion de los Estados Americanos, OEA), or the Pan American Union, is a regional organization created in Bogota, Colombia in April 1948 (entered into force in December 1951) which promotes Latin American economic and social development. Members include the United States, Mexico, and most Central American, South American, and Caribbean nations. Members include: Antigua and Barbuda, Argentina, the Bahamas, Barbados, Belize, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Cuba (participation suspended), Dominica, Dominican Republic, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, St. Christopher-Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, the United States, Uruguay, and Venezuela. The U.S. accredits an Ambassador to the OAS. The OAS secretariat is located in Washington, D.C. See: Sistema de Informacion al Comercio Exterior.
Organization of Arab Petroleum Exporting Countries - OAPEC was created in 1968; members include: Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria, and the United Arab Emirates. Headquarters are in Cairo, Egypt. See: Organization of Petroleum Exporting Countries.
Organization of Eastern Caribbean States - OECS was intended to promote territorial integrity; changing focus includes the recent founding of an export development agency. The Organization was established in 1981; headquarters are in St. Lucia. Members include: Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Christopher and Nevis, Saint Lucia, Saint Vincent, and the Grenadines.
Organization of Petroleum Exporting Countries - An association of the world's oil-producing countries, formed in 1960, with headquarters in Vienna, Austria. The chief purpose of OPEC is to coordinate the petroleum policies of its members: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. See: Organization of Arab Petroleum Exporting Countries.
Organization of the Islamic Conference - The OIC, established in May 1971, promotes cooperation in cultural, economics, scientific and social areas among Islamic nations. Headquarters are located in Jeddah, Saudi Arabia. About half the ICO members are also members of the Organization of African Unity. OIC members include: Afghanistan, Algeria, Bahrain, Bangladesh, Benin, Brunei, Burkina Faso, Cameroon, Chad, Comoros, Cyprus, Djibouti, Egypt, Gabon, the Gambia, Guinea, Guinea-Bissau, Indonesia, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Malaysia, Maldives, Mali, Mauritania, Morocco, Niger, Nigeria, Oman, Pakistan, Qatar, Saudi Arabia, Senegal, Sierra Leone, Somalia, Sudan, Syria, Tunisia, Turkey, Uganda, the United Arab Emirates, and Yemen.
Orientation Visits - See: Trade and Development Agency.
Origin:Location where shipment begins its movement.
Origin:Location where shipment begins its movement.
Original Bill of Lading:Non-negotiable bill of lading used in taking delivery of a shipment, or filing a claim on a damaged or lost shipment. All other copies of a B/L are for recording purposes only. Typically, 3 rated or unrated B/Ls, 3 rated and 3 unrated copy non-negotiable b/ls are issued. Cargo cannot be claimed without the presentation of original bills of lading in a shipment requiring originals.
OS&D - Over, Short and Damage Report - See outturn report.
OS&D (overage, shortage or damage):also used in the purchasing industry to describe operating supplies and disposables.
OS&D:Abbreviation for "Over, Short or Damaged" Usually discovered at cargo unloading.
OSB - One Safe Berth - See safe berth.
OSP - One Safe Port - See safe port.
OT - Overtime.
OTM - Old-To-Market
OUARTERMASTER/HELMSMAN: An able-bodied seamen entrusted with the steering of a vessel.
Ourturn Weight - Weight of cargo ascertained when it is discharged from a ship. Freight on bulk cargoes is sometimes payable on the basis of this weight.
Out Gate:Transaction or interchange that occurs at the time a container leaves a rail or water terminal.
Outbound:Outward bound. Direction of vessel or cargo going out from port of loading or point/place of receipt.
Outsider - See independent line.
Outturn Report - Written statement by a stevedoring company in which the condition of cargo discharged from a ship is noted along with any discrepancies in the quantity compared with the ship's manifest. Also referred to as an over, short and damage report.
Overage - Cargo discharged in excess of the quantity on the ship's manifest.
Overcharge:To charge more than the proper amount according to the published rates.
OVERHEAD SHIPMENT:A railroad movement involving at least three railroad carriers at which CSXT is neither the first nor the last carrier
Overheight Cargo:Cargo more than eight feet high which thus cannot fit into a standard container.
Overheight Cargo:Cargoes which exceed 9-1/2 ft. in height. They have to be stowed normally in an open-top container.
Overland Common Point (OCP):A term stated on the bills of lading offering lower shipping rates to importers east of the Rockies, provided merchandise from the Far East comes in through the West Coast ports. OCP rates were established by U.S. West Coast steamship companies in conjunction with western railroads so that cargo originating or destined for the American Midwest and East would be competitive with all-water rates via the U.S. Atlantic and Gulf ports. Applies to eastern Canada.
Overlanded:Goods arrived unexpectedly (un-manifested)
Overlap - The period of time during which a charterer retains a vessel beyond the stated period of the time charter.
Overseas Business Reports - These are marketing studies of America's major trading partners which provide updated export and economic outlooks, industrial trends, trade regulations, distribution and sales channels, transportation, and credit situation in individual countries.
The above details describes about terms called in shipping such as Organization of Eastern Caribbean States, Organization of African Unity,Organization of American States, Original Bill of Lading,overage,Ourturn Weight,Out Gate,Outsider , Overlanded etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in shipping business below this post. Terms used in shipping such as Open Rate,Operation Exodus,Optimum Cube,Orderly Marketing Agreement,Order-Notify
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