A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Offshoring

Offshoring occurs, when a company moves all or some of its activities to another country. When the costs of running a company are cheaper in another country, the company may choose to move their activities or offices abroad in order…

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Oligopoly

A situation where a few large and powerful suppliers and manufacturers try to maintain their position by excluding newcomers from a particular market. This situation is not a good for buyers because it limits competition.

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Oligopsony

A market where many suppliers compete to sell their product to a few large and powerful buyers who have a disproportionate influence over the market.

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On-board B/L

A marine transport document indicating that the shipped goods have been loaded on the carrying vessel.

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On-board notation

Loading information shown on on-board B/Ls. The on-board notation should slow the date that the goods were actually loaded, and should be initialed by an employee or agent of the carrier.

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