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A B C D E F G H I L M N O P Q/R S T U/V W Y/Z |
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Bank guarantee |
Guarantee issued by a bank to a carrier to be used in lieu of lost or misplaced original negotiable bill of lading. |
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Beam |
The greatest width of a ship. |
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Bill of Lading (B/L) |
A document that establishes the terms of a contract between a shipper and a transportation company that moves freight between specified ports for a specified charge. Usually prepared by the shipper on forms issued by the carrier, it serves as a document of title, a contract of carriage and a receipt for goods. There are different types of B/Ls: Clean B/L is used when the transportation company has not noted irregularities in packing or general condition of all or any part of the shipment. Straight B/L is used when the goods are consigned directly to a named consignee and therefore not negotiable. Order B/L is issued to the order of a party, usually the shipper, whose endorsement is required to affect its negotiation. Order Notify B/L is issued usually to the order of the shipper with the additional clause that the consignee is to be notified upon arrival of the merchandise, However, such mention of the consignee does not give the consignee title to the merchandise. Memorandum B/L is an in-house bill of lading. Stale Dated B/L is presented with other documents to the negotiating bank after 21 days from the day of issuance. Through B/L is used when carriers in different transport modes are involved. |
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Bill of Lading Port of Discharge |
Port where cargo is discharged from means of transport. |
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Bill of Sale |
Confirms the transfer of ownership of certain goods to another person in return for money paid or loaned. |
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Board |
To gain access to a vessel. |
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Boat |
A small vessel, with or without a deck, propelled by oars, paddles, sails or power. Broad definition: A boat can fit on a ship.
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Bonded freight |
Freight moving under a bond to U.S. Customs or to the Internal Revenue Service, and to be delivered only under stated conditions. |
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Bonded warehouse |
Goods that must be held until duties are paid are normally put in a bonded warehouse. Warehouse must be approved by the U.S. Treasury Department and must be under bond or guarantee of compliance with revenue laws.
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Booking |
Arrangements with a carrier, often a steamship or airline, for the acceptance and carriage of passengers or freight. |
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Bottom side rails |
Structural members on the longitudinal sides of the base of the container. |
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Bow |
The front of a vessel. |
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Box |
Common term for an ocean going freight container. |
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Break bulk |
The movement by ocean of packaged goods that are not containerized. |
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Broker |
A person who arranges for transportation of loads, usually large operations, for a percentage of the revenue from the load. In Canada a broker is an owner-operator. |
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Brokerage license |
Authority granted by the Interstate Commerce Commission to engage in the business of arranging for transportation of persons or property in interstate commerce. |
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Bulk freight |
Not in packages or containers; shipped loose in the hold of a ship. Grain, coal and sulfur are usually bulk freight. |
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Bulk freight container |
Refers to a container with a discharge hatch in the front wall; allows bulk commodities to be grasped by loading hatches. |
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Bunker charge |
An extra charge sometimes added to steamship freight rates; justified by higher fuel costs.
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Bunkers |
Fuel |
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Burden of Proof |
The duty of proving a particular position in a legal proceeding. Failure to perform this duty calls for judgment against the party on whom the duty is imposed. |
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