Nautical Term: WOG
Definition of WOG
Without Guarantee, also known as WOG, is a term used in the maritime industry to denote a cargo or voyage without any contractually binding assurances or guarantees.
For instance, when a shipper offers a cargo for shipment on a WOG basis, it means that the cargo is being transported without any formal or legally binding agreements in place between the shipper and the carrier.
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