Page 14 - Turners Shipping Glossary of Terms
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TERM                       DESCRIPTION
Net Weight
Non-negotiable B/L         Weight of the goods alone without any immediate wrappings, e.g., the weight of the
                           contents of a tin can without the weight of the can. Also called actual net Weight.
Non Operational Reefers
                           Copy of original bill of lading which cannot be negotiated with bank.
Non-vessel Owning /        Refrigerated containers that may be used to ship general cargo without the fridges
Operating Common           running. Shipping lines usually offer reduced rates for the use of their NORs if they need
Carrier (N.V.O.C.C.)       to re-position them to a particular port where the demand of Reefer containers are high
NVOCC                      for exports.
                           National Regulator for compulsory specification – formerly the SABS an independent
Ocean Bill of Lading       organisation that is mandated by law to ensure various commodities like motor vehicles,
(Ocean B/L)                electronics etc comply with the regulatory standard as specified by legislation.

Ocean Freight              (a) A cargo consolidator of small shipments in ocean trade, generally soliciting business
On Board                   and arranging for or performing containerization functions at the port. (b) A carrier issuing
                           Bs/L for carriage of goods on vessel which he neither owns nor operates.
On Board B/L
On Deck                    See Non-vessel Owning/Operating Common Carrier or N.V.O.C.C.
Open-Top Container
                           See Original Bill of lading or O.B.L.
Order (To)
Origin                     Document indicating that the exporter will consign a shipment to an international carrier
Original Bill of Lading    for transportation to a specified foreign market. Unlike an inland B/L, the ocean B/L also
(O.B.L.)                   serves as a collection document. if it is a Straight B/L the foreign buyer can obtain the
Overheight Cargo           shipment from the carrier by simply showing proof of identity. If a negotiable B/L is used,
Overwidth Cargo            the buyer must first pay for the goods, post a bond or meet other conditions agreeable to
P.& I.                     the seller.
P.O.L.                     See Freight.
Partial Shipments          Means that cargo has been loaded on board a combined transport mode of conveyance.
                           Used to satisfy the requirements of a letter of credit, in the absence of an express
                           requirement to the contrary.

                           A B/L in which a carrier acknowledges that goods have been placed on board a certain

                           A special stowage instruction to confine the cargo stowage must be on deck rather than
                           under deck.

                           A container fitted with a solid removable roof or with a tarpaulin roof that can be loaded or
                           unloaded from the top.

                           The phrase To Order is sometimes shown on Bills of Lading against consignee: this means
                           that the Bill of Lading must be endorsed in blank by the shipper (i.e. not to any particular
                           named party which makes it bearer document and it becomes transferable by delivery.)

                           Location where shipment begins its movement at cargo's expense.

                           A document which requires proper signatures for consummating carriage of contract.

                           Cargo stowed in an open-top container; projects above the uppermost level of the roof

                           A container with goods protruding beyond the sides of the container/flat rack onto which
                           they are packed.

                           Protection and Indemnity, an insurance term.

                           Port of Discharge where cargo is discharged from vessel. In case of transhipment is
                           needed, there can be a number of POD during the course of shipment until it reaches the
                           final POD.

                           Port of Loading where loading to vessel takes place

                           Point or Place of Receipt. Starting point of carrier’s liability where cargo is received from
                           shipper and under carrier’s custody for transportation to final destination.

                           Under letters of credit, one or more shipments are allowed by the phrase" partial shipments
                           permitted." In bulk shipments a tolerance of 3 percent is allowed.  Page 14  “Trusted for over 120 Years”
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