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FrançaisA 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…
Read MoreOpen 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…
Read MoreOpen top container
A container fitted with a solid removable roof, or with a tarpaulin roof so the container can be loaded or unloaded from the top.
Read MoreOpen-end contract
A contract by which the buyer may purchase the seller´s goods at any time within a specified period without changes in the price or other contract terms.
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