Out of Stock.
Trade Terms
O.S.&D. REPORT
Over, short, and damage report prepared by the warehouse receiver. It provides the raw material for settlement of a potential claim against the shipper and/or the common carrier.
O.S.H.A.
Occupational Safety and Health Act. A federal law to regulate and inspect safety practices in the workplace. Also Occupational Safety and Health Administration.
O.T.
On truck or railway.
O/A
Open Account.
O/N
Order notify.
OBLIGORS
All principals and sureties so shown on a Customs Bond or other financial guarantees required to be given under the Customs laws to secure a transaction by specifically binding such…
OCEAN BILL OF LADING
A receipt for cargo and a contract for transportation between a shipper and the ocean carrier.
OFFSET
A government imposed restriction on the amount of certain goods that can be imported and that must be balanced by an equal amount of goods exported.
ON BOARD BILL OF LADING
A bill of lading issued by the steamship company confirming the receipt of merchandise and the fact that it was loaded on board the ocean vessel.
