Glossary of logistcs terms

Since all the terms are used in international business, the glossary is available in English language only.

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Normal Charge
Specified general cargo rate without any quantity discount (air cargo).  
Normal Course of Transit
Orderly transit of merchandise from the point of origin to the final destination without interruptions or delays resulting from the action or inaction of any party at interest.  
Normal General Cargo Rate
Under 45 kg rate or, if no under 45 kg rate exists, the under 100 kg rate (air cargo). Normal Rate
Normal Rate
Normal General Cargo Rate
Notice of Abandonment
Condition which must precede a constructive total loss. If the insured fails to give notice to the underwriter, the loss can be treated only as a partial loss unless an actual total loss is proven. An underwriter who accepts notice admits liability for the loss. Notice is not necessary where it would not benefit the underwriter, where the underwriter waives the obligation or in the case of a reinsurance provided the policy incorporates the "waiver" clause. Action taken by an underwriter to prevent or reduce the loss is not deemed to be an acceptance of abandonment. Waiver ClauseConstructive Total Loss
Notice of Readiness
Abbreviation: NOR. 1. Written document or telex issued by the master of a vessel to the charterers advising them the moment when a vessel is ready to load or discharge. 2. Document advising a consignee or their agent that cargo has arrived and is ready for delivery.  
Notify Address
Address of the party other than the consignee to be advised of the arrival of the goods.  
Notify Party
Party to be notified of arrival of goods. Arrival Notice
Non-Tariff Barriers
No Value Declared
Non Vessel Operating Carrier
Open Cover.  
OBO Vessel
Oil Bulk Ore Vessel
Obsolete Stock
Products or materials that cannot be or are unlikely to be used in future processes and which are to be sold or disposed of through the usual outlets.  
Ocean Bill of Lading
Bill of Lading (B/L) issued by the actual shipping line. Air WaybillConsignment NoteThrough Bill of Lading
Original Equipment Manufacturers
Offshore Logistics
The organization of logistics contract work carried out at sea (e.g. logistics in drilling for oil).  
Oil Bulk Ore Vessel
Abbreviation: OBO Vessel. Vessel, designed for the carriage of either dry or liquid bulk cargo.  
On Board Bill of Lading
Bill of Lading confirming the receipt of merchandise and the fact that it was loaded on board the ocean vessel.  
On Deck Bill of Lading
Bill of Lading which states that the cargo has been stowed on deck.  
On-Line Charge
Charge which applies to carriage over the lines of a single carrier (air cargo). Local ChargeLocal RateOn-Line Rate
On-Line Rate
On-Line Charge
Carriage of goods (containers) by any mode of transport to the place of delivery after discharge from the ocean vessel (main means of transport) at the port (place) of discharge. Transshipment
One-Way Pallet
Disposable Pallet, only used once. Note: The addition "One Way" has nothing to do with the number of pallet sides in which the forks of e.g. a fork lift can enter, as opposed to the two- and four-way pallets. Disposable Pallet
Onshore Logistics
The organization of logistics contract work carried out on land.  

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