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Object
A tangible of abstract thing of relevance to business.
Obsolete Stock
The products or materials that cannot be or is unlikely to be used in future processes due to technology upgrading.
Note: Obsolete stock not equal to expired stock.
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
On carriage
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 organization, which provides all needed requirements in one location.
Open Order
See Backlog
Open Sided Container
A 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.
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.
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.
Organization
An identifiable social unit with a particular responsibility which endeavor to achieve multiple goals by co-ordinate activities and relationships between members and objectives.
Out of Gauge Cargo
Cargo which dimensions are exceeding the normal dimensions of a 20 or 40 feet container, e.g. over length, over width, overweight, 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.
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).
Overweight Cargo
Cargo, exceeding the standard height.
Over length Cargo
Cargo, exceeding the standard length.
Over pack
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 over pack must be properly packed, marked, labeled and in proper condition as required by the Regulations regarding dangerous goods (air cargo).
Overtime
Work beyond normal established working hours which usually require a premium to be paid to the employees concerned.
Over width Cargo
Cargo, exceeding the standard width.
Owner
The legal rightful (owner) of cargo, equipment or means of transport.