A tangible of abstract thing of
relevance to business.
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
Contracting work carried out at sea
(e.g. drilling for oil).
Oil Bulk Ore
A vessel designed for the carriage of
either dry or liquid bulk cargo.
The charge which applies to carriage
over the lines of a single carrier.
See On-line Charge
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.
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
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.
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
The party responsible for the day to day
operational management of certain
premises such as ware-houses, terminals
Achieving the best possible solution to
a problem in terms of a specified
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
Cargo of which the final destination is
not known at the moment of booking but
will be indicated during the transport.
A port of which it is not known whether
or not a vessel during a voyage will
make a call.
A request to deliver specified
quantities of goods or to render
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 which dimensions are exceeding the
normal dimensions of a 20 or 40 feet
container, e.g. over length, over width,
overweight, or combinations thereof.
A carrier, which operates on a route
served by a liner conference but which
is not a member of that conference.
Subcontracting of activities.
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).
The weight in excess of the pivot weight
Cargo, exceeding the standard height.
Cargo, exceeding the standard length.
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
Work beyond normal established working
hours which usually require a premium to
be paid to the employees concerned.
Cargo, exceeding the standard width.
The legal rightful (owner) of cargo,
equipment or means of transport.