| Object |
| A
tangible of abstract thing of relevance to business. |
|
| Object
Oriented Approach |
| The
development of classes of business objects may support and have
an impact on the developments in the area of simplification of EDI
and its standards. A business object is a true representation of
a tangible concept stemming from real business usage. |
|
| Obsolete
Stock |
| The
products or materials that cannot be or is unlikely to be used in
future processes and which is to be sold or disposed of through
the usual outlets. |
|
| 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 |
|
| Oncarriage |
| 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
organisation, which provides all needed requirements in one location. |
|
| One
Way Pallet |
|
Note:
The addition 'One Way' has nothing to do with the number of pallet
sides in which the forks of e.g. a fork lift can enter, as opposed
to the two and four way pallets.
|
| See
Disposable Pallet |
|
| Open
Order |
| See
Backlog |
|
| Open
Sided Container |
| P&O
Nedlloyd 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. |
|
| Operating
Efficiency |
| A
ratio of the actual output of a piece of equipment, department,
or plant as compared to the planned or standard output. |
|
| 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. |
|
| Optimal
Trim |
| The
best calculated TRIM related to speed engine capacity, fuel consumption
for a specific sailing condition. |
|
| 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. |
|
| Order
Line |
| Each
line on a customer's purchase order. An order line always contains
one Stock Keeping Unit (SKU) only, but the number may vary. |
|
| Organisation |
| An
identifiable social unit with a particular responsibility which
endeavour to achieve multiple goals by co-ordinated activities and
relationships between members and objects. |
|
| Out
of Gauge Cargo |
| Cargo
which dimensions are exceeding the normal dimensions of a 20 or
40 feet container, e.g. overlength, overwidth, overheight, or combinations
thereof. |
|
back
to top  |
| 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. |
|
| Outturn
Report |
| Written
statement by a stevedoring company in which the condition of cargo
discharged from a vessel is noted along with any discrepancies in
the quantity compared with the vessel's manifest. |
|
| 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). |
|
| Overcarrier |
| A
carrier within a consortium who carries cargo beyond the allotment
distributed to him. |
|
| Overheight
Cargo |
| Cargo,
exceeding the standard height. |
|
| Overlength
Cargo |
| Cargo,
exceeding the standard length. |
|
| Overpack |
| 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 overpack must be properly
packed, marked, labelled and in proper condition as required by
the Regulations regarding dangerous goods (air cargo). |
|
| Overtime |
| Work
beyond normal established working hours which usually requires a
premium to be paid to the employees concerned. |
|
| Overwidth
Cargo |
| Cargo,
exceeding the standard width. |
|
| Owner |
| The
legal owner of cargo, equipment or means of transport. |
|
| Owner's
Container Code |
| See
Container Prefix |
