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

On-carriage

The movement from the arrival point on the buyer´s side to the place where transportation will end, often the buyer´s premises. On-carriage is often called “inland freight on the buyer´s side”.

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On-deck

A notation on marine transportations documents that the shipped cargo was loaded on the deck of the carrying vessel as opposed to within the ship´s hold (“under deck”). On deck shipments are more susceptible to in-transit damage, and normally command…

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Open marine cargo insurance policy

A type of insurance policy intended to cover an indefinite number of future individual shipments. The insurance contract remains in force until cancelled. Under the open policy, individual successive shipments are periodically reported or declared to the insurer and reported…

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Open policy (OP)

A type of insurance policy intended to cover and indefinite number of future individual requirement. The insurance contract remains in force until canceled. Under the open policy, individual successive shipments are periodically reported or declared to the insurer and automatically…

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