A - Glossary of Transport & Trade
O&R
Ocean and Rail.
O.R. Det.
Owner's Risk of Deterioration.
O.r.b.
Owner's risk of breakage.
O/N
Order Notify, Own Name.
O/o
Order of.
O/R
Owner's Risk.
OD
Outside Diameter.
ODS (Operating Differential Subsidy)
A payment to an American-flag carrier by the U.S. federal government to offset the difference in operating costs between U.S. and foreign vessels.
Off-Line
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.
Open Account
A trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment such as a note, mortgage, or other formal written evidence of indebtedness.
Open Policy
A cargo insurance policy that is an open contract, e.g., it provides protection for all of 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.
ORF
Owner' Risk of Fire or Freezing.
ORL
Owner's Risk of Leakage.
ORW
Owner's Risk of Becoming Wet.
OS&D
Over, Short and Damaged.
