Ocean Bill of Lading: A receipt for cargo in transit, and a contract between the exporter and an ocean carrier for transportation and delivery of goods to a specified party at a specified foreign destination. Issued after the vessel has sailed and the cargo has been entered in the ship's manifest.

O.D.: Outside diameter

ODS: An acronym commonly used for the term "operating differential subsidy," which is a payment to an American-flag carrier by the federal government to offset the difference in operating costs between US and foreign vessels.

Off-Line: Describes an airline that sells in a market to which it does not operate. An Off-Line carrier will use another operator to link with its network.

O/N: Order notify; own name

O/o: Order of

Open Account: A high-risk trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment.

Open Policy: A cargo insurance policy that is an open contract; i.e., it provides protection for all an exporter's shipments afloat or in transit within a specified geographical trade area for an unlimited period of time, until the policy is cancelled by the insured or by the insurance company. It is "open" because the goods that are shipped are also detailed at that time. This usually is shown in a document called a marine insurance certificate.

Original   Equipment Manufacturers (OEM accounts): Customers who incorporate the exporter's product into their own merchandise for resale under their own brand names.

O/R : Owner's risk

O. & R.: Ocean and Rail

O.r.b.: Owner's risk or breakage

O.R. Det.: Owner's risk of deterioration

O.R.F.: Owner's risk of fire or freezing

O.R.L.: Owner's risk of leakage

O.R.W.: Owner's risk of becoming wet

O.S. & D.: Over, short and damage

Ocean Bill of Lading: A receipt for cargo in transit, and a contract between the exporter and an ocean carrier for transportation and delivery of goods to a specified party at a specified foreign destination. Issued after the vessel has sailed and the cargo has been entered in the ship's manifest.

O.D.: Outside diameter

ODS: An acronym commonly used for the term "operating differential subsidy," which is a payment to an American-flag carrier by the federal government to offset the difference in operating costs between US and foreign vessels.

Off-Line: Describes an airline that sells in a market to which it does not operate. An Off-Line carrier will use another operator to link with its network.

O/N: Order notify; own name

O/o: Order of

Open Account: A high-risk trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment.

Open Policy: A cargo insurance policy that is an open contract; i.e., it provides protection for all an exporter's shipments afloat or in transit within a specified geographical trade area for an unlimited period of time, until the policy is cancelled by the insured or by the insurance company. It is "open" because the goods that are shipped are also detailed at that time. This usually is shown in a document called a marine insurance certificate.

Original   Equipment Manufacturers (OEM accounts): Customers who incorporate the exporter's product into their own merchandise for resale under their own brand names.

O/R : Owner's risk

O. & R.: Ocean and Rail

O.r.b.: Owner's risk or breakage

O.R. Det.: Owner's risk of deterioration

O.R.F.: Owner's risk of fire or freezing

O.R.L.: Owner's risk of leakage

O.R.W.: Owner's risk of becoming wet

O.S. & D.: Over, short and damage