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FrançaisLoading 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.
Read MoreOn-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”.
Read MoreOpen account
A payment term under which the buyer promises to pay the seller within a predetermined number of days, and the seller does not restrict the availability of documents that control possession rights to the goods. In practice, required documentation is…
Read MoreOpen 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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