|
- B - |
|
TERM |
DEFINITION |
|
B2BI |
Business to Business Integration (form of supply chain) |
|
B4N |
Bye For Now |
|
BAK |
Back At Keyboard |
|
B/A |
Banker's Acceptance |
|
BAS |
Big Smile |
|
BB |
Ballast Bonus (Special payment above the Chartering price
when the ship has to sail a long way on ballast to reach the loading port.) |
|
BB |
Bareboat (Method of chartering of the ship leaving the
charterer with almost all the responsibilities of the owner.) |
|
B2B |
Business to Business |
|
BBIAB |
Be Back In A Bit |
|
BBL |
Be Back Later |
|
BBN |
Bye Bye Now |
|
BBS |
Be Back Soon |
|
B/L
|
Abbreviation for "Bill of Lading."
|
|
Back End Systems |
Legacy
enterprise systems that handle order processing, inventory, and receivables
management for both buyers and suppliers. To deploy a digital trading
platform, companies must often integrate new technologies with these older
systems, which can include mainframe or ERP applications. |
|
Back Freight |
The owners of a ship are
entitled to payment as freight for merchandise returned through the fault of
either the consignees or the consignors. Such payment, which is over and
above the normal freight, is called backfreight. |
|
Back Haul |
To haul a shipment back over part of a route it has traveled. |
| Back
Letter |
Seller or Shipper issues a "Letter of Indemnity" in favor of the carrier in
exchange for a clean Bill of Lading.
Back letters
are drawn up in addition to a contract in order to lay down rights and/or
obligations between both contracting parties, which, for some reason cannot be
included in the original contract. This expression is sometimes used for letters
of indemnity which are drawn up if the condition of the goods loaded gives rise
to remarks and, nevertheless, the shipper insists upon receiving clean Bills of
Lading. Letters of indemnity are only allowed in very exceptional circumstances. |
|
Back Order |
The process a
company uses when a customer orders an item that is not in inventory; the
company fills the order when the item becomes available. |
|
Back Scheduling |
A method of
obtaining a production schedule by working backwards from the required due date,
in order to predict the latest start date in consistent with meeting that due
date. |
|
Backbone |
A central high
speed network that connects smaller, independent networks. the NSFnet is an
example. |
|
Backlog |
The quantity
of goods still to be delivered, received, produced, issued, etc., for which the
planned or agreed date has expired. The total number of customer orders which
have been received but not yet been shipped. |
|
Backup |
Making a
duplicate copy of a computer file or a program on a disk or cassette so that the
material will not be lost if the original is destroyed; a spare copy. |
|
BAF |
Abbreviation for "Bunker Adjustment Factor." Used to
compensate steamship lines for fluctuating fuel costs. Sometimes called "Fuel
Adjustment Factor" or FAF. |
|
Bagged Cargo |
Various kinds of commodities
usually packed in sacks or in bags, such as sugar, cement, milk powder, onion,
grain, flour, etc. |
|
Bailee (Ins) |
A person or
concern having possession of property committed in trust from the owner. |
|
Bailee's Customer Policy
(Ins) |
A policy
providing for loss or or damages to property of bailee's customers, payable
either to bailees for their account or direct to customers. |
|
Bale |
A large
compressed, bound, and often wrapped bundle of a commodity, such as cotton or
hay. |
|
Bale Capacity |
Cubic capacity of a vessel's hold to carry
packaged dry cargo such as baled or pallets. |
|
Bale Space |
See "Bale Capacity" |
|
Ballast |
Heavy weight, usually sea water, necessary
for the stability and safety of a ship not carrying cargo. |
|
Ballast Bonus |
Compensation for a ballast voyage. |
|
Ballast Movement |
A voyage or voyage leg
made without any paying cargo in a vessel's tanks. To maintain proper
stability, trim, or draft, sea water is usually carried during such
movements. |
|
Ballast Tank |
Compartments at the
bottom of a ship or on the sides which are filled with liquids for stability
and to make the ship seaworthy. Any shipboard tank or compartment on a
tanker normally used for carrying salt-water ballast. When these
compartments or tanks are not connected with the cargo system they are
called segregated ballast tanks or systems. |
|
Balloon Freight |
Light, bulky articles. |
|
Bandwidth |
A
measurement of the amount of data that can be transferred by a line at a
time. The wider the bandwidth, the more data that can move at once. |
|
Bank Guarantee |
Guarantee issued by a bank to a carrier to be used in lieu of
lost or misplaced original negotiable bill of lading. |
|
Banker's Acceptance |
Time draft that has been
drawn on and accepted by a bank. In a large and active market, investors buy
and sell bankers’ acceptances at rates similar to, and often below, LIBOR.
Rates are low due to the low risk of default on the part of a bank and the
fact that there is generally an underlying trade transaction, the proceeds
of which are pledged to cover the acceptance when it matures. |
|
Banking System |
For marine
purposes the practice of always keeping more than one piece of cargo on the
quay or in the vessel ready for loading or discharging in order to avoid
delays and to obtain optimal use of the loading gear. |
|
Bar Code |
A series
of lines of various widths and spacings that can be scanned electronically
to identify a carton or individual item. |
|
Bar Code Scanner |
A device
to read bar codes and communicate data to computer systems. |
|
Bar Coding |
A method
of encoding data for fast and accurate readability. Bar codes are a series
of alternating bars and spaces printed or stamped on products, labels, or
other media, representing encoded information which can be read by
electronic readers called bar. |
|
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. |
|
Barge |
Flat-bottomed boat designed
to carry cargo on inland waterways, usually without engines or crew
accommodations. Barges can be lashed together and either pushed or pulled by
tugs, carrying cargo of 60,000 tons or more. Small barges for carrying cargo
between ship and shore are known as lighters. |
|
Barge Aboard Catamaran |
A way of loading cargo into
large barges and then in turn loading the barges into a ship. |
|
Barge Carriers |
Ships designed to carry
either barges or containers exclusively, or some variable number of barges and
containers simultaneously. Currently this class includes two types of vessels,
the LASH and the SEABEE. |
|
Barratry |
An act committed by the master or mariners of a vessel, for
some unlawful or fraudulent purpose, contrary to their duty to the owners,
whereby the latter sustain injury. It may include negligence, if so gross as to
evidence fraud. |
|
Barrel (BBL) |
A term of measure referring to 42 gallons of liquid at 60-degrees F |
|
Bars |
Special
devices mounted on container doors to provide a watertight locking. Synonym:
Door lock bars. |
|
Barter |
The exchange
of commodities or services for other commodities or services rather than the
purchase of commodities or services with money. |
|
Base |
Home depot of
container or trailer. |
|
Base Point Pricing |
A pricing
system that includes a transportation cost from a particular city or town in a
zone or region even though the shipment does not originate at the basing point. |
|
Base Rate |
- The currency
whose value is "one" whenever a quote is made between two currencies.
-
A tariff term referring to ocean rate less accessorial
charges, or simply the base tariff rate. |
|
Basic Rate (Ins) |
The manual
rate, from which are taken discounts or to which are added charges to compensate
for the individual circumstances of the risk. |
|
Basic Stock |
Items of an
inventory intended for issue against demand during the resupply lead-time. |
|
Batch |
A collection
of products or data which is treated as one entity with respect to certain
operations, e.g. processing and production. |
|
Batch Lot |
A definite
quantity of some product manufactured or produced under conditions that are
presumed uniform and for production control purposes passing as a unit through
the same series of operations. |
|
Batch Picking |
The picking of
items from storage for more than one order at a time. |
|
Batch Production |
The production
process whereby products/components are produced in batches and where each
separate batch consists of a number of the same products/components. |
|
Batten |
Members
protruding from the inside walls of a vessel's hold or a (thermal) container to
keep away the cargo from the walls to provide an air passage. They may be
integral with the walls, fastened to the walls or added during cargo handling. |
|
Bay |
A vertical
division of a vessel from stem to stern, used as a part of the indication of a
stowage place for containers. The numbers run from stem to stern; odd numbers
indicate a 20 foot position, even numbers indicate a 40 foot position. |
|
Bay Plan |
A stowage plan
that shows the locations of all the containers on the vessel. |
|
BB |
Break Bulk |
|
BBB |
Before Breaking Bulk - Refers to freight
payments that must be received before discharge of a vessel commences. |
|
BBL |
Abbreviation for "Barrel" |
|
BC Code |
Safe
working practice code for solid bulk cargo. |
|
BCO |
Abbreviation for "Beneficial Cargo Owner." Refers to the
importer of record, who physically takes possession of cargo at destination and
does not act as a third party in the movement of such goods. |
|
BD or B/D |
Barrels per Day |
| BDI |
Both Dates Inclusive |
|
Beam |
The width of a ship |
|
BEG |
Big Evil Grin |
|
Behaltertragwagen (BT Wagon) |
A container
wagon for the German Railways |
|
Belly |
A term applied
to the underfloor area of an aircraft... the cargo carrying area. |
| Below |
Beneath the deck. |
|
Belt Line |
A switching railroad operating within a commercial area. |
|
Benchmarking |
A
management tool for comparing performance against an organization that is
widely regarded as outstanding in one or more areas, in order to improve
performance. |
|
Bending Moment |
It is the
result of vertical forces acting on a ship as a result of local differences
between weight and buoyancy. The total of these forces should be zero,
otherwise change of draft will occur. At sea the bending moment will change
as a result of wave impact which than periodically changes the buoyancy
distribution.. |
| Bends |
Both Ends (Loading & Discharge Ports) |
|
Beneficial Ownership |
Designates the owner who
receives the benefits or profits from the operation. |
|
Beneficiary |
- Entity to whom money is payable.
- The entity for whom a letter of credit is issued.
- The seller and the drawer of a draft |
|
Beneficiary (Ins) |
Designation by
the owner of a life insurance policy indicating to whom the proceeds are to be
paid upon the insured's death or when an endowment matures. |
|
Benefit-Cost Ratio |
Also known as "Cost-Benefit Ratio" -
An analytical
tool used in public planning; a ratio of total measurable benefits divided by
the initial capital cost. |
|
Benefit Of Insurance
Clause (Ins) |
A clause by
which the bailee of goods claims the benefit of any insurance policy effected by
the cargo owner on the goods in care of the bailee. Such a clause in a contract
of carriage, issued in accordance with the Carriage of Goods by Sea Act, is void
at law. |
|
Berne Gauge |
The most
restrictive loading gauge (standard measure) or the lowest common denominator of
loading gauges on the railways of continental Europe. |
|
Berth |
A location in
a port where a vessel can be moored, often indicated by a code or name. |
|
Berth Terms |
Shipped under rate that includes cost from end of ship's
tackle at load port to end of ship's tackle at discharge port. |
|
Beyond |
Used with reference to charges assessed for cargo movement
past a line-haul terminating point. |
|
BFN |
Bye For Now |
|
BG |
Big Grin |
| BI |
Both Inclusive |
|
Bid Bond |
Bond, guarantee, or
standby letter of credit that accompanies a bid, issued for an amount that
will be forfeited if the bidder wins the bid but then reneges |
|
Bilateral |
A contract term meaning both parties agree to provide
something for the other. |
|
Bilateral Transport Agreement |
Agreement
between two nations concerning their transport relation. |
|
Bill of Exchange |
In the United States, commonly known as a "Draft." However,
bill of exchange is the correct term. |
|
Bill of Health |
The Bill of
Health is the certificate issued by local medical authorities indicating the
general health conditions in the port of departure or in the ports of call. The
Bill of Health must have visa before departure by the Consul of the country of
destination. When a vessel has free pratique, this means that the vessel has a
clean Bill of Health certifying that there are no questions of contagious
disease and that all quarantine regulations have been complied with, so that
people may embark and disembark. |
|
Bill of Lading (B/L) |
A document that establishes the terms of a contract between a
shipper and a transportation company. It serves as a document of title, a
contract of carriage and a receipt for goods.
At the moment
3 different models are commonly used:
B/L R
302: A modern document for either Combined Transport or Port to Port
shipments depending whether the relevant spaces for place of receipt and/or
place of delivery are indicated on the face of the document. Synonyms: Combined
Transport Bill of Lading or Multimodal Transport document.
B/L R
300: A classic marine Bill of Lading in which the carrier is also
responsible for the part of the transport actually performed by himself.
Sea
Waybill: A non-negotiable document, which can only be made out to a
named consignee. No surrender of the document by the consignee is required.
COMMON TYPES OF
BILLS OF LADING:
- Amended B/L: B/L requiring updates that do not change financial status;
this is slightly different from corrected B/L.
- B/L Terms & Conditions: the fine print on B/L; defines what the carrier
can and cannot do, including the carrier's liabilities and contractual
agreements.
- B/L's Status: represents whether the bill of lading has been input,
rated, reconciled, printed, or released to the customer.
- B/L's Type: refers to the type of B/L being issued. Some examples are:
a Memo (ME), Original (OBL), Non-negotiable, Corrected (CBL) or Amended (AM)
B/L.
- Canceled B/L: B/L status; used to cancel a processed B/L; usually per
shipper's request; different from voided B/L.
- Clean B/L: A B/L which bears no superimposed clause or notation which
declares a defective condition of the goods and/or the packaging.
- Combined B/L: B/L that covers cargo moving over various transports.
- Consolidated B/L: B/L combined or consolidated from two or more B/L's.
- Corrected B/L: B/L requiring any update which results in money- or
other financially related changes.
- Domestic B/L: Non-negotiable B/L primarily containing routing details;
usually used by truckers and freight forwarders.
- Duplicate B/L: Another original Bill of Lading set if first set is
lost. also known as reissued B/L.
- Express B/L: Non-negotiable B/L where there are no hard copies of
originals printed.
- Freight B/L: A contract of carriage between a shipper and forwarder
(who is usually a NVOCC); a non-negotiable document.
- Government B/L (GBL): A bill of lading issued by the U.S. government.
- Hitchment B/L: B/L covering parts of a shipment which are loaded at
more than one location. Hitchment B/L usually consists of two parts, hitchment
and hitchment memo. The hitchment portion usually covers the majority of a
divided shipment and carries the entire revenue.
- House B/L: B/L issued by a freight forwarder or consolidator covering a
single shipment containing the names, addresses and specific description of the
goods shipped.
- Intermodal B/L: B/L covering cargo moving via multimodal means. Also
known as Combined Transport B/L, or Multimodal B/L.
- Long Form B/L: B/L form with all Terms & Conditions written on it.
Most B/L's are short form which incorporate the long form clauses by reference.
- Memo B/L: Unfreighted B/L with no charges listed.
- Military B/L: B/L issued by the U.S. military; also known as GBL, or
Form DD1252.
- B/L Numbers: U.S. Customs' standardized B/L numbering format to
facilitate electronic communications and to make each B/L number unique.
- Negotiable B/L: The B/L is a title document to the goods, issued "to
the order of" a party, usually the shipper, whose endorsement is required to
effect is negotiation. Thus, a shipper's order (negotiable) B/L can be bought,
sold, or traded while goods are in transit and is commonly used for
letter-of-credit transactions. The buyer must submit the original B/L to the
carrier in order to take possession of the goods.
- Non-Negotiable B/L: See Straight B/L. Sometimes means
a file copy of a B/L.
- "Onboard" B/L: B/L validated at the time of loading to transport.
Onboard Air, Boxcar, Container, Rail, Truck and Vessel are the most common
types.
- Optional Discharge B/L: B/L covering cargo with more than one discharge
point option possibility.
- "Order" B/L: See Negotiable B/L.
- Original B/L: The part of the B/L set that has value, especially when
negotiable; rest of set are only informational file copies. Abbreviated as OBL.
- Received for Shipment B/L: Validated at time cargo is received by ocean
carrier to commence movement but before being validated as "Onboard".
- Reconciled B/L: B/L set which has completed a prescribed number of
edits between the shippers instructions and the actual shipment received. This
produces a very accurate B/L.
- Short Term B/L: Opposite of Long Form B/L, a B/L without the Terms &
Conditions written on it. Also known as a Short Form B/L. The terms are
incorporated by reference to the long form B/L.
- Split B/L: One of two or more B/L's which have been split from a single
B/L.
- Stale B/L: A late B/L; in banking, a B/L which has passed the time
deadline of the L/C and is void.
- Straight (Consignment) B/L: Indicates the shipper will deliver the
goods to the consignee. It does not convey title (non-negotiable). Most often
used when the goods have been pre-paid.
- "To Order" B/L: See Negotiable B/L.
- Unique B/L Identifier: U.S. Customs' standardization: four-alpha code
unique to each carrier placed in front of nine digit B/L number; APL's unique
B/L Identifier is "APLU". Sea-land uses "SEAU". These prefixes are also used as
the container identification.
- Voided B/L: Related to Consolidated B/L; those B/L's absorbed in the
combining process. Different from Canceled B/L.
|
|
Bill of Lading Clause |
A
particular article, stipulation or single proviso in a Bill of Lading. A
clause can be standard and can be preprinted on the B/L. |
|
Bill of Lading Legal
Liability (Ins) |
Policy covering the statutory minimums owed to a
claimant for freight loss or damage when values for goods have not been
declared, subject to terms & conditions. |
|
Bill of Lading Number |
The number
assigned by the carrier to identify the bill of lading. |
|
Bill of Lading Port of Discharge |
Port where cargo is discharged from means of transport. |
|
Bill of Materials |
A list of
all parts, sub-assemblies and raw materials that constitute a particular
assembly, showing the quantity of each required item. |
|
Bill of Sale |
Confirms the transfer of ownership of certain goods to another person in
return for money paid or loaned |
|
Bill to Party |
Customer designated as party paying for services. |
|
Billed Weight |
The weight shown in a waybill and freight bill, i.e, the
invoiced weight. |
|
Billing |
A carrier
terminal activity that determines the proper rate and total charges for a
shipment and issues a freight bill. |
|
BIMCO |
Baltic and International Maritime Council |
|
Bimodal Trailer |
A road
semi-trailer with retractable running gear to allow mounting on a pair of
rail boogies. Synonym: Road-Rail trailer A trailer which is able to carry
different types of standardized unit loads, (e.g. a chassis which is
appropriate for the carriage of one FEU or two TEU's). |
|
Binder |
- A strip
of cardboard, thin wood, burlap, or similar material placed between layers
of containers to hold a stack together.
- In Insurance: In lines other than life and
health, a binder is an acknowledgement (usually from the agent) that
insurance applied for is in force whether or not premium settlement has yet
been made or the policy issued. In life and health insurance, binders are
not issued, but if premium settlement is made with the application, what is
often erroneously referred to as a "binder" is issued. Actually this is a
conditional binding receipt. |
|
Binder (Ins) |
In lines
other than life and health, a binder is an acknowledgement (usually from the
agent) that insurance applied for is in force whether or not premium
settlement has yet been made or the policy issued. In life and health
insurance, binders are not issued, but if premium settlement is made with
the application, what is often erroneously referred to as a "binder" is
issued. Actually this is a conditional binding receipt. |
|
Binding Receipt (Ins) |
See "Binder" |
|
BIOYIOP |
Blow It Out You I/O Port |
|
BL |
See "Bales" or "Bill of Lading" |
|
BL |
Belly Laughing |
|
Black Cargo |
Cargo banned by general
cargo workers for some reason. This ban could be because the cargo is
dangerous or hazardous to health. |
|
Black Gang |
A slang expression
referring to the personnel in the engine department aboard ship. |
|
Blank Endorsed |
Banking Term on Letters of Credit meaning "not endorsed" |
|
Blanket Bond
|
A bond covering a group of persons, articles or properties. |
|
Blanket Insurance (Ins) |
(1)
Property-liability insurance that covers more than one type of property in
one location in one policy or form instead of under separate items, or one
or more types of property at more than one location; (2) A contract of
health insurance that covers all of a class of persons not individually
identified. |
|
Blanket Rate |
- A rate applicable to or from a group of points.
- A special rate applicable to several different articles in a single shipment. |
|
Blanket Waybill |
A waybill covering two or more consignments of freight. |
|
Blind Shipment |
A B/L wherein the paying customer has contracted with the
carrier that shipper or consignee information is not given. |
|
Block Stowage |
Stowing cargo destined for a specific location close together
to avoid unnecessary cargo movement. |
|
Blocked Trains |
Railcars grouped in a train by destination so that segments
(blocks) can be uncoupled and routed to different destinations as the train
moves through various junctions. Eliminates the need to break up a train and
sort individual railcars at each junction. |
|
Blocking or Bracing |
Wood or metal supports (Dunnage) to keep shipments in place to prevent cargo
shifting |
|
Bls. |
Abbreviation for "Bales." |
|
BLS |
US Bureau of Labor Statistics |
| BM |
Beam |
|
BMGWL |
Busting My Gut With Laughter |
| BN |
Booking Note |
|
Board |
To gain access to a vessel. |
|
Board Feet |
he basic unit of measurement for lumber. One board foot is
equal to a one-inch board, 12 inches wide and one foot long. Thus, a board ten
feet long, 12 inches wide, and one inch thick contains ten board feet. |
|
Boatswain (Bosun) |
The highest unlicensed
rating in the deck department who has immediate charge of all deck hands and
who in turn comes under the direct orders of the master or chief mate or
mate. |
| BOB |
Bunker On Board |
|
Bobtail |
Movement of a tractor, without trailer, over the highway |
|
Bodily Injury Liability
(Ins) |
The liability
which may arise from injury or death of another person. |
| BOFFER |
Best Offer |
|
Bogie |
A set of wheels built specifically as rear wheels under the
container. |
|
Boilers |
Steam generating units
used aboard ship to provide steam for propulsion (and) for heating and other
auxiliary purposes. |
|
Boiler & Machinery
Policy (Ins) |
Insurance
against loss due to accidents to boilers, pressure vessels or other
machinery including the equipment itself, as well as liability arising out
of the accident. |
|
Bollard |
Post,
fixed to a quay or a vessel, for securing mooring ropes. |
|
Bolster
|
A device fitted on a chassis or railcar to hold and secure the
container. |
|
Bona Fide |
In good
faith; without dishonesty, fraud or deceit. |
|
Bond |
Contract between principal and surety
to insure performance of an obligation imposed by law or regulation covering
potential loss of duties, taxes and penalties for specific types of
transactions. |
|
Bond (Ins) |
An
obligation of the insurance company to protect one against financial loss
caused by acts of another. |
|
Bonded |
The
storage of certain goods under charge of customs viz. customs seal until the
import duties are paid or until the goods are taken out of the country.
Bonded warehouse (place where goods can be placed under bond). Bonded store
(place on a vessel where goods are placed behind seal until the time that
the vessel leaves the port/country again). Bonded goods (dutiable goods upon
which duties have not been paid, i.e. goods in transit or warehoused pending
customs clearance). |
|
Bonded Warehouse |
A building
authorized by Customs authorities for storage of goods on which payment of
duties is deferred until the goods are removed. |
|
Bond-In |
Goods are
held or transported In-Bond under customs control either until import duties
or other charges are paid, or in order to avoid paying the duties or charges
until a later date. |
|
Bond Port |
Port of initial Customs entry of a vessel to any country. Also
known as First Port of Call. |
|
Bond System |
Bond System is part of US Customs'
Automated Commercial System providing information on bond coverage. |
|
Bonded |
See "Bond-In" |
|
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. |
|
Bonded Warehouse |
A warehouse authorized by Customs authorities for storage of
goods on which payment of duties is deferred until the goods are removed. |
|
Booking |
Arrangements with a carrier for the acceptance and carriage of freight;
i.e., a space reservation |
|
Booking Number |
-
Reservation number used to secure equipment and act as a control number
prior to completion of a B/L
- Offer by shipper for transport and acceptance by carrier or agent
- Booking Reference Number
- Number assigned to booking by agent or carrier |
|
Booking Reference Number |
See "Booking Number" |
|
BOP |
Balance Of Payments |
|
Bordereau |
Document used
in road transport, listing the cargo carried on a road vehicle, often referring
to appended copies of the road consignment note. |
|
Bosun (Boatswain) |
The highest unlicensed
rating in the deck department who has immediate charge of all deck hands and who
in turn comes under the direct orders of the master or chief mate or mate. |
|
BOTEC |
Back Of The Envelope Calculation |
|
Bottleneck |
A stage in a
process that limits performance |
|
Bottom-Air Delivery |
A type of air circulation in a temperature control container.
Air is pulled by a fan from the top of the container, passed through the
evaporator coil for cooling, and then forced through the space under the load
and up through the cargo. This type of airflow provides even temperatures. |
|
Bottom Fittings |
Special
conical shaped devices inserted between a container and the permanent floor on
the deck of a vessel in order to avoid shifting of the container during the
voyage of this vessel. |
|
Bottom Lift |
Handling of
containers with equipment attached to the four bottom corner fittings
(castings). |
|
Bottom Side Rails |
Structural members on the longitudinal sides of the base of
the container. |
|
Bow |
The front of a vessel |
|
Bow Thrusters |
A propeller at the lower
sea-covered part of the bow of the ship which turns at right angles to the
fore-and-aft line and thus provides transverse thrust as a maneuvering aid. |
|
Box |
Slang Term for Container |
|
Boxcar |
A closed rail freight car. |
|
Box Pallet |
Pallet
with at least three fixed, removable or collapsible vertical sides. |
|
BP B/P |
Balance of Payments |
|
BPR |
See "Business Process Re-Engineering" |
|
Bracing |
To secure
a shipment inside a carrier's vehicle to prevent damage |
|
BRB |
Be Right Back |
|
Break Bulk |
- To
commence discharge.
- To strip unitized cargo (aircargo).
- Loose cargo, such as cartons, stowed directly in the ship's hold as
opposed to containerized or bulk cargo. See "Containeization." |
|
Break Bulk Cargo |
General
cargo conventionally stowed as opposed to unitized, containerized and Roll
On / Roll Off cargo. (See also Conventional Cargo) |
|
Break Bulk Vessel |
A general, multipurpose,
cargo ship that carries cargoes of nonuniform sizes, often on pallets,
resulting in labor-intensive loading and unloading; calls at various ports
to pick up different kinds of cargoes. |
|
Break-Even Rate |
The weight
at which it is cheaper to charge the lower rate for the next higher
weight-break multiplied by the minimum weight indicated, than to charge the
higher rate for the actual weight of the shipment (aircargo). |
|
BROB |
Bunker Remaining On Board |
|
Broken Stowage |
- The loss of space caused by irregularity in the shape of
packages.
- Any void or empty space in a vessel or container not occupied by cargo. |
|
Broker |
- an
enterprise that owns & leases equipment
- an enterprise that arranges the buying & selling of transportation, goods, or
services
- a ship agent who acts for the ship owner or charterer in arranging charters. |
|
Brokerage |
Freight forwarder/broker compensation as specified by ocean
tariff or contract. |
|
Brussels
Tariff Nomenclature (BTN) |
The old
Customs Cooperation Council Nomenclature for the classification of goods. Now
replaced by the Harmonized System. |
|
BSI Specification |
British
Standards Institution Specification for freight containers |
| BSS |
Basis |
| BSS 1/1 |
Basis 1 Port to 1 Port |
| BT |
Berth Terms |
|
BTN |
See "Brussels Tariff Nomenclature" |
|
BT Wagen |
See "Behaltertragwagen" |
|
B-to-B |
Business to Business |
|
Bridge |
Used loosely to refer to
the navigating section of the vessel where the wheel house and chart room
are located; erected structure amidships or aft or very rarely fore over the
main deck of a ship to accommodate the wheelhouse. |
|
Bridge Point |
An inland location where cargo is received by the ocean
carrier and then moved to a coastal port for loading. |
|
Bridge Port |
A port where cargo is received by the ocean carrier and
stuffed into containers but then moved to another coastal port to be waded on a
vessel. |
|
BTA |
But Then Again |
|
BTDT |
Been There Done That |
|
BTW |
By The Way |
|
Buffer Stock |
A quantity
of goods or articles kept in storage to safeguard against unforeseen
shortages or demands. |
|
Buildings & Personal Property Coverage Form (Ins) |
A
commercial property coverage form designed to insure most types of
commercial property (buildings or contents or both). It is the most
frequently used commercial property form, and has replaced the General
Property Form, Special Building Form, Special Personal Property Form, and
others. |
|
Bulk |
Cargo shipped in loose
condition and of a homogeneous nature. Cargoes that are shipped unpackaged
either dry, such as grain and ore, or liquid, such as petroleum products.
Bulk service generally is not provided on a regularly scheduled basis, but
rather as needed, on specialized ships, transporting a specific commodity. |
|
Bulk Area |
A storage
area for large items which at a minimum are most efficiently handled by the
palletload. |
|
Bulk Bags |
A large
polythene liner that can be fitted to a 20'GP as an alternative to bulk
containers. |
|
Bulk Cargo |
Not in packages or containers; shipped loose in the hold of a
ship without mark and count." Grain, coal and sulfur are usually bulk freight. |
|
Bulk Carrier |
- Single
deck vessel designed to carry homogeneous unpacked dry cargoes such as
grain, iron ore and coal.
-
Ship specifically
designed to transport vast amounts of cargoes such as sugar, grain, wine,
ore, chemicals, liquefied natural gas; coal and oil. See also LNG Carrier,
Tanker, OBO Ship. |
|
Bulk
Freight |
Not in
packages or containers, shipped loose in the hold of the ship. Grain, coal
and sulfur are usually bulk freight. |
|
Bulk-Freight Container |
A container with a discharge hatch in the front wall; allows
bulk commodities to be carried. |
|
Bulk Shipments |
Shipments
which are not packaged, but are loaded directly into the vesselŐs holds.
Examples of commodities that can be shipped in bulk are ores, coal, scrap, iron,
grain, rice, vegetable oil, tallow, fuel oil, fertilizers, and similar
commodities. |
|
Bulk Utilization Charge |
Charge which
applies to consignments carried from airport of departure to airport of arrival,
entirely in Unit Load Devices (aircargo). |
|
Bulkhead |
- Upright
partition dividing compartments on board a vessel. The functions of bulkheads
are:
- To increase the safety of a vessel by dividing it into watertight
compartments.
- To separate the engine room from the cargo holds.
- To increase the transverse strength of a vessel.
- To reduce the risk of spreading fire to other compartments.
- A vertically mounted board to provide front wall protection against shifting
cargo and commonly seen on platform trailers (road cargo).
- A partition in a container, providing a plenum chamber and/or air passage for
either return or supply air. It may be an integral part of the appliance or a
separate construction.
- A vertically mounted wall separating the fore respectively aft compartment
from the rest of the aircraft (aircargo). |
|
Bull Rings |
Cargo-securing devices mounted in the floor of containers;
allow lashing and securing of cargo.
Upright
partition dividing compartments on board a vessel. The functions of bulkheads
are
-To increase the safety of a vessel by dividing it into watertight compartments
-To separate the engine room from the cargo holds.
-To increase the transverse strength of a vessel.
-To reduce the risk of spreading fire to other compartments.
-A vertically mounted board to provide front wall protection against shifting
cargo and commonly seen on platform trailers (road cargo). |
| Bundling |
Assembling
of pieces of cargo, secured into one manageable unit. |
|
Bunker Charge |
An extra charge sometimes added to steamship freight rates;
justified by higher fuel costs. (Also known as Fuel Adjustment Factor or FAF.) |
|
Bunker |
A Maritime term referring to Fuel used aboard the ship. Coal
stowage areas aboard a vessel in the past were in bins or bunkers. |
|
Bunker Adjustment Factor (BAF) |
Adjustment
applied by shipping lines or liner conferences to offset the effect of
fluctuations in the cost of bunkers. |
|
Bunkers |
Fuel consumed by the
engines of a ship; compartments or tanks in a ship for fuel storage. |
|
Buoy |
A floating object employed
as an aid to mariners to mark the navigable limits of channels, their fairways,
sunken dangers, isolated rocks, telegraph cables, and the like; floating devices
fixed in place at sea, lake or river as reference points for navigation or for
other purposes. |
|
Bureau Veritas |
French
classification society |
|
Business Auto Coverage
Form (Ins) |
The latest
commercial Automobile Insurance coverage form, which may be written as a
monoline policy or as part of a commercial package. This form has largely
replaced the Business Auto Policy. |
|
Business Income Coverage
Form (Ins) |
A commercial
property form providing coverage for "indirect losses" resulting from property
damage, such as loss of business income and extra expenses incurred. It has
replaced earlier Business Interruption and Extra Expense forms. |
|
Business Interruption
Insurance (Ins) |
A type of
policy that pays for loss of earnings when operations are curtailed or suspended
because of property loss. |
|
Business Liability (Ins) |
The term used
to describe the liability coverages provided by the Businessowners Liability
Coverage Form. It includes liability for bodily injury, property damage,
personal injury, advertising injury, and fire damage. |
|
Business Personal
Property (Ins) |
Traditionally
known as "contents," this term actually refers to furniture, fixtures,
equipment, machinery, merchandise, materials, and all other personal property
owned by the insured and used in the insured's business. |
|
Business Process Re-Engineering (BPR) |
The
fundamental analysis and radical redesign of everything: business processes and
management systems, job definitions, organizational structures and beliefs and
behaviors to achieve dramatic performance improvements to meet contemporary
requirements. Information technology (IT) is a key enabler in this process. |
|
Business to Business Integration (B2BI) |
Form of Supply Chain Management - manufacturers
implement integration at the business process, application, data, and network
layers to accomplish tight synchronization with their supply chain partners.
B2BI projects promise to "extend the enterprise" to encompass business partners
in much the same way the enterprise currently encompasses internal departments. |
|
Buyer |
An enterprise
that arranges for the acquisition of goods or services and agrees to payment
terms for such goods or services. |
|
Buyer's Market |
A 'buyer's
market' is considered to exist when goods can easily be secured and when the
economic forces of business tend to cause goods to be priced at the purchaser's
estimate of value. In other words, a state of trade favorable to the buyer, with
relatively large supply and low prices. |
|
BWAD |
Brackish Water Arrival Draft |
|
BWTHDIK |
But What The Heck Do I Know |
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DISCLAIMER: These terms and definitions have been gathered
from many sources public and private. This list is designed to serve as a
reference. No warranty for the accuracy is stated nor implied. |
|
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These terms, abbreviations
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Last Updated:
Monday, 08 June 2009 13:22:27 -0500 |
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