Ocean Freight
A method of transporting goods via sea commonly used for international shipments.
Definition
A method of transporting goods via sea commonly used for international shipments. Ocean freight is a cost-effective solution for moving large volumes of cargo including both FCL (Full Container Load) and LCL (Less than Container Load) shipments. While slower than air freight ocean shipping is the most economical option for heavy or bulk cargo
Related Terms
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.
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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