Lexicon
B
| Term | Definition |
|---|---|
| B |
Bale (cargo capacity) |
| B/L |
(Bill of Lading) A document signed by the carrier which acts as a Contract of Affreightment, a receipt and evidence of title to the cargo |
| BACKLETTER |
Where a seller/shipper issues a 'letter of indemnity' in favour of the carrier in exchange for a clean bill of lading |
| BAF |
Bunker Adjustment Factor. A Fuel Surcharge expressed as a percentage added or subtracted from the freight amount, reflecting the movement in the market place price for bunkers |
| BALE CAP. |
Cubic capacity of a vessels holds to carry packaged dry cargo such as bales/pallets |
| BALLAST |
Heavy weight, often sea water, necessary for the stability and safety of a ship which is not carrying cargo |
| BALLAST BONUS |
Compensation for relatively long ballast voyage |
| BAREBOAT CHTR. |
Bareboat Charter - Owners lease a specific ship and control its technical management and commercial operations only. Charterers take over all responsibility for the operation of the vessel and expenses for the duration |
| Bb |
Bareboat |
| BBB |
Before Breaking Bulk. Refers to freight payments that must be received before discharge of a vessel commences |
| BDI |
Both Dates Inclusive |
| BE |
Both Ends (Load and discharge ports) |
| BEAM |
The maximum breadth or the greatest width of a ship |
| BEG |
Beginning |
| BELOW |
Beneath the deck |
Certified
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