Glossary

  • ODCY

    Acronym for "Off Dock Container Yard".

  • OFAC

    Entity the US Department of the Treasury which administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.

  • On Deck Stowage

    Cargo stowed on the deck of the ship.

  • One-Way Lease

    Lease that covers the outbound voyage only, after which the container is returned to the lessor at or near destination.

  • On-Time Performance

    The proportion of time that a transit system adheres to its published schedule times within stated tolerances.

  • Open Top Container

    "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. Such containers may have movable or removable top end transverse members above their end doors. These containers are primarily used to carry heavy and/or bulky finished products, which handling and loading can only be performed with a crane or a rolling bridge. Tiltable half-height open top containers are specially designed to carry bulk minerals. The CMA CGM 8’6’’ high open top containers are equipped with: - Removable roof bows and tarpaulin - Hinged doors (on both sides) and/or removable header above doors". Please click here for more information.

  • Order Cycle

    The time and the process involved from the placement of the order to the receipt of the shipment.

  • Original Bill of Lading (OBL)

    Bill of Lading which requires proper signatures for conclusion of contract of carriage.

  • Out of Gauge (OOG)

    "Cargo which exceeds the internal dimensions of the container / flat rack in which it is packed. Please click here for more information.

  • Outbound cargo

    Exported Cargo.

  • Outport

    Destination port, other than a base port, to which rates apply but which may be subject to additional outport arbitraries.

  • Overage

    An excess of quantity billed.

  • Overheight cargo

    Cargo which exceeds the height of an open-top container.

  • Overland Common Point (OCP)

    US: A term stated on the Bills of Lading offering a special rate concession made by shipping lines, rail carriers and truckers serving the U.S. West Coast for export and import traffic, intended to benefit midwest shippers and importers by equalising rates to and from other coastal areas, and offering these midwest companies a comparable alternative. It is applied to eastern Canada.

  • Overlanded

    Cargo discharged mistakenly in another port than the previous port of discharge.

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The information contained in this glossary is for general information only. The information is made available to CMA CGM’s clients and for internal use. Whilst CMA CGM endeavours to keep the information correct, the company makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability of the terms of this glossary, including, but not limited to, the definitions and interpretations. Any reliance you place on such information is therefore strictly at your own risk.
In no event shall CMA CGM and its agencies or employees be liable for any loss or damage including without limitation, direct, indirect or consequential loss or damage, of whatsoever nature arising from or in connection with the use of this glossary. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed therein.