Ocean Bill of Lading (OBL)
A contract of carriage issued by an ocean carrier that serves as both a receipt of goods and a title document.
Definition
A contract of carriage issued by an ocean carrier that serves as both a receipt of goods and a title document. The OBL outlines shipment details such as cargo description container numbers and consignee information. It is a negotiable document meaning ownership of the goods can be transferred through endorsements
Related Terms
Ocean Freight
A method of transporting goods via sea commonly used for international shipments.
Off-Dock Terminal
A storage and handling facility located away from the main port terminal.
On-Carriage
The final leg of a shipment's journey typically involving transportation from the port or terminal to the consignee's location.
Open Top Container
A type of shipping container designed with a removable tarpaulin roof instead of a solid ceiling.
Origin Charge
Fees applied at the shipment's point of origin to cover services such as documentation terminal handling and export customs clearance.
Out of Gauge (OOG)
Cargo that exceeds the standard dimensions of a shipping container and requires special handling equipment or permits.
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