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 may or may not be carrying cargo. in order to safeguard stability of the vessel and to be able to correct heeling angles by pumping ballast from one tank to another. A "Ballast trip" is a trip where the ship does actually have no cargo on board, only ballast (water).
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.
BBB Before Breaking Bulk. Refers to freight payments that must be received before discharge of a vessel commences
BDI Both Dates Inclusive
BEAM The maximum breadth or the greatest width of a ship
BELOW Beneath the deck
BENDS Both Ends (Load & Discharge Ports)
BI Both Inclusive
BIMCO The Baltic and International Maritime Council
BL1 Bale
BL2 (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.
BM Beam
BN Booking Note
BOB Bunker on Board
BOFFER Best Offer
BOW The forward part of a ship
BROB Bunkers Remaining on Board
BROKERAGE Percentage of freight payable to broker (by owners in c/p's) or applicable to sale or purchase
BSS Basis
BSS 1/1 Basis 1 Port to 1 Port
BT Berth Terms
BULKHEAD A vertical partition separating compartments
BUNDLING This is the assembly of pieces of cargo, secured into one manageable unit. This is relevant to items such as Structural Steel, Handrails, Stairways etc. Whilst this is a very flexible description, a rule of thumb is to present cargo at a size easily handled by a large (20 tonne) fork lift.
BUNKERS Name given for vessels Fuel and Diesel Oil supplies (Originates from coal bunkers)
BUOY An anchored float used for marking a position on the water or a hazard or a shoal and for mooring
BWAD Brackish Water Arrival Draft