Page 14 - Turners Shipping Glossary of Terms

GLOSSARY OF SHIPPING TERMS

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.
NRCS
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.
OBL
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.D.
P.O.L. See Freight.
P.O.R.
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
vessel.

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
struts.

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.

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