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OAG
Categories:
  • Term/Acronym
  • Organization/Agency/Entity
  • U.S. Export-Related
  • U.S. Import-Related
OAG - Official Airline Guide: OAG Worldwide Limited, also known as the Official Airline Guide, is a United Kingdom based travel news, data and ranking service. The organization has over 450 staff members and 9 worldwide offices in Europe, Asia and the Americas. The Official Airline Guide provides database administration in the area of aviation, travel and hotels. Currently, an electronic database is provided over the Internet with over 900 airlines and 75,000 flights daily. The OAG also issues awards for the Airline of the Year.

Official Airline Guide (OAG)

   

OASIS (Operational and Administrative System for Import Support)
Categories:
  • U.S. Import-Related
  • Term/Acronym
  • Compliance System/Process
OASIS is an automated FDA system for processing and making admissibility determinations for shipments of foreign-origin FDA-regulated products seeking to enter domestic commerce. OASIS automated the re-engineered business processes the FDA utilizes for making its admissibility determinations to ensure the safety, efficacy and quality of the foreign-origin products for which FDA has regulatory responsibility under the Federal Food, Drug and Cosmetic Act. OASIS enables FDA to handle more efficiently and effectively the burgeoning volume of shipments (now over 17 million/year) of imported products, despite decreasing agency resources.

U.S. Food & Drug Administration (FDA)

   

Ocean Bill of Lading
Categories:
  • Term/Acronym
  • Document
  • U.S. Export-Related
Ocean (Marine) Bills of Lading. The bill of lading (in ocean transport) must indicate that the goods have been loaded on board or shipped on a named vessel, and it must be signed or authenticated by the carrier or the master, or the agent on behalf of the carrier or the master. The signature or authentication must be identified as carrier or master, and in the case of agent signing or authenticating, the name and capacity of the carrier or the master on whose behalf such agent signs or authenticates must be indicated. Unless otherwise stipulated in the letter of credit (L/C), a bill of lading containing an indication that it is subject to a charter party and/or that the vessel is propelled by sail only is not acceptable.



   

OCP
Categories:
  • Term/Acronym
  • U.S. Import-Related
  • Standard (Technical/Health/Safety)
OCP - Overland Common Point: rates which are generally lower than local tariff rates. They were established by the U.S. West Coast steamship companies in conjunction with railroads serving the western U.S. ports so that cargo originating or destined to the American Midwest and East would be competitive with all-water rates via the U.S. Atlantic and Gulf ports. O.C.P. rates are also applicable to eastern Canada.



   

OFAC
Categories:
  • Term/Acronym
  • Organization/Agency/Entity
  • National Security
The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States. OFAC acts under Presidential national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze assets under US jurisdiction.

Office of Foreign Assets Control (OFAC), US Department of the Treasury

   

Order Bill of Lading
Categories:
  • Term/Acronym
  • Document
  • U.S. Export-Related
The Order Bill of Lading bill uses express words to make the bill negotiable, e.g. it states that delivery is to be made to the further order of the consignee using words such as 'delivery to A Ltd. or to order or assigns'. Consequently, it can be endorsed by A Ltd. or the right to take delivery can be transferred by physical delivery of the bill accompanied by adequate evidence of A Ltd.'s intention to transfer.



   


 
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