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Ocean Bill of Lading (Ocean B/L)
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A document issued by a steamship line. Each carrier has its own bill of lading form. Serves as contract of carriage between carrier and shipper, spelling out legal responsibilities and liability limits for all parties to the shipment. The B/L also can be used to transfer title to the goods to a party named in the document. Specifies shipment details, such as number of pieces, weight, destination, etc. Usually three signed originals issued. Licensed consolidators (NVOCCS) issue their own B/Ls to shippers.
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On board
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Means that cargo has been loaded on board a combined transport mode of conveyance. Used to satisfy the requirements of a letter of credit, in the absence of an express requirement to the country.
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Open-top container
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A container fitted with a solid removable roof or with a tarpaulin roof that can be loaded or unloaded from the top.
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Origin
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Location where shipment begins its movement at cargo’s expense.
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O.B.L.
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Original Bill of Lading. A document which requires proper signatures for consummating carriage of contract.
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Overheight cargo
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Cargo stowed in an open-top container; projects above the uppermost level of the roof struts.
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