Page 117 - 2017 Hotel Cost Estimating Guide

Negotiating Bank | A bank named in the credit; competitive with all-water rates via the U.S. Atlantic
examines the documents and certiies to the issuing and Gulf ports. O.C.P. rates are also applicable to

bank that the terms are complied with.
eastern Canada.

Net Tonnage | A vessel’s gross tonnage minus On Board | Cargoes or containers landed onto the

deductions of space occupied by accommodation for cargo hold or the cells of carriers.

crew, by machinery, for navigation, and by the engine
room and fuel. A vessel’s net tonnage expresses the On Board Bill of Lading | A Bill of Lading in which

space available for passengers and cargo.
a carrier acknowledges that cargo have been placed

on board a certain vessel. The on-board date of bills
Net Operating Income (NOI) | Income after of lading is the date on which liabilities of the carrier

management fees and ixed charges (i.e. rent, property, start.

and other taxes and insurance) but before replacement
reserves and does not include items such as interest, On Deck | A special stowage instruction to conine

depreciation, amortization, and income taxes. Income that the cargo stowage must be on deck rather than

after reserves is now referred to as Adjusted Net under deck.
Operating Income (but still does not include interest,

depreciation, amortization, and income taxes).
One-Way Lease | The lease of containers that covers

the outbound voyage only, after which the containers
Net Weight | Weight of the goods alone without any are returned to the lease holder at or near the agreed

immediate wrappings, e.g. the weight of the contents destination.

of a tin can without the weight of the can. Also called
actual net weight.
Open-Top Container | A container itted with a solid

removable roof or with a tarpaulin roof that can be

Non-negotiable Bill of Lading | Copy of the original loaded or unloaded from the top.
bill of lading, which cannot be negotiated with banks.

Operator | The entity that manages the day-to-

Non-vessel Owning / Operating Common Carrier day functions of the hotel and offers the guestrooms
(NVOCC) | (a) A cargo consolidator of small shipments for sale. Some hotel owners are also operators of

in ocean trade, generally soliciting business and their hotels, others contract with hotel management

arranging for or performing containerization functions at companies to operate hotels on their behalf.
the port. (b) A carrier issuing a bill of lading for carriage

of goods on a vessel that he neither owns nor operates.
Origin Receiving Charge (O.R.C.) | A terminal

handling charge levied at ports of loading.
North American Free Trade Agreement (NAFTA) |

The joint Canada, Mexico, and United States treaty OS&E | Operating Supplies and Equipment.

to reduce tariffs and trade barriers to promote cross-
border economic activity.
Overheight Cargo | Cargo that exceeds 9-1/2 feet in

height. They normally have to be stowed in an open-
O
top container.

P

cean Bill of Lading (Ocean B/L) | A bill of lading
issued by the ocean-going carriers.

Packing List | A document provided by the shipper

Ocean Route | The all-water transportation portion of detailing the packaging of the goods, including their
a route.
weight and measurement, assortment, etc.

O.C.P. Rate | Overland Common Point rates are Participating Carrier (Tariff) | A carrier that is a
generally lower than local tariff rates. They were party, under concurrence, to a tariff issued by another

established by the U.S. west coast steamship transportation line or by a tariff’s publishing agent.

companies in conjunction with railroads serving the
western U.S. ports so that cargo originating from or

destined to the American Midwest and east would be

JN+A and HVS DESIGN | HOTEL COST ESTIMATING GUIDE 2017
117