Optimum Cube

The highest level of cube utilization that can be achieved when loading cargo into a container.

Order–Notify (O/N)

A bill of lading term to provide surrender of the original bill of lading before freight is released; usually associated with a shipment covered under a letter of credit.

ORFS

Abbreviation for “Origin Rail Freight Station.” Same as CFS at origin except an ORFS is operated by the rail carrier participating in the shipment.

Origin

Location where shipment begins its movement.

Original Bill of Lading (OBL)

A document which requires proper signatures for consummating carriage of contract. Must be marked as “original” by the issuing carrier.

OS&D

Abbreviation for “Over, Short or Damaged” Usually discovered at cargo unloading.

Out Gate

Transaction or interchange that occurs at the time a container leaves a rail or water terminal.

Overcharge

To charge more than the proper amount according to the published rates.

Overheight Cargo

Cargo more than eight feet high which thus cannot fit into a standard 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…