B

[ivory-search id=”2911″ title=”Default Search Form”]

B

BACAT Barge Abroad Catamaran: A BACAT (Barge Aboard Catamaran ) vessel is very identical to a LASH vessel; even standardized barges are borne by BACAT vessels. But the main difference is the way the barges are loaded and unloaded. Whereas the barges are loaded or unloaded by a crane from a LASH vessel, they are loaded on and unloaded from a BACAT vessel while floating.

Back Order: Package ordered but out of stock and promised delivery as soon as the product is available.

Backhaul: A transport vehicle returning from the original destination is processed pointing to the point of origin. The 1980 Motor Carrier Act deregulated commercial interstate trucking, thereby allowing carriers to contract for the return journey. The backhaul can be on an absolute, partial, or empty fee. An empty backhaul is called an impasse.  

Backletter: Where a vendor/shipper sends a ‘ compensation note ‘ to the carrier in exchange for a clean lading bill.

Backorder:  (1) The act of keeping a quantity to ship against an order when other command lines have been shipped already. Stock shortages usually cause backorders. (2) Where an initial shipment has been handled, the amount remaining to be delivered.

BAF Bunker Adjustment factor:  The shipping company also levies a Bunker surcharge or BAF (Bunker Adjustment Factor) from BUC (Bunker Contribution) to mitigate the costs of price fluctuations when fuel prices are subject to major price fluctuations.

Balance of Trade : The surplus or deficit that arises from the contrast of exports and merchandise imports of a nation only

Bale Capacity: The surplus or deficit that arises from the contrast of exports and merchandise imports of a nation only

Ballast: Heavyweight, mostly seawater, required for the stability and safety of a ship that does not carry cargo.

Bare hull chatering: The owner leases the unfitted, uncrewed vessel to the charterer over a certain, sometimes long-term period. The freight rate is usually determined on the basis of the ship’s load capacity at summer freeboard and per month or another unit of time. The freight rate may be a fixed rate too. The charterer is the ship, in case of bare hull chartering. He issues The Lading Bill.

Bareboat charter: The shipowner leases out a particular vessel and only regulates its technological and commercial operations. Charterers take on all accountability for the vessel’s service and for the duration of the expenses.

Barge: A barge (lighter) is a small vessel that transfers goods from/on a large vessel. In general, the large vessel can not enter a river or canal.

Basing-Point Pricing: A pricing scheme that covers transportation costs from a specific city or town in an area or country, even if the shipment does not originate at the base

BBB Before Breaking Bulk: Refers to freight payments which must be received before the vessel’s discharge starts.

Beneficial owner: This is a legal concept where a person has specific property rights, although the legal title of the property belongs to a different person. This term is often used in rail or ocean freight, which relates to the actual owner of the freight being transported, even though the title of the freight is in the name of another.

BESC Bordereau Électronique de Suivi des Cargaisons: If you are transporting to anywhere in one of the listed countries, you will need specific documents on the waiver certificate to clear customs.

BICS: BICS is the inland maritime information and communication system (electronic reporting system).

Biling: A carrier terminal operation which determines a shipment’s proper rate and total charges, and issues a freight bill.

Bill of Landing (BOL): A transport agreement is the carriage contract which includes the terms and conditions between the shipper and the carrier.

Bill of Landing Number: The number which the carrier assigns to classify the lading bill.

Bill of Landing, Through: A bill of lading to cover goods from the source to the destination when the journey involves interchange or transfer from one carrier to another.

Billed Weight The weight indicated on an invoice and/or waybill used to measure freight charges

Binding Tariff Information: For a specific product, binding tariff information (BTI) may be demanded from Customs to ensure that the customs duties are paid upon import.

Blanket Order/Blanket Purchase Order: A long-term commitment to a supplier for material against which to meet requirements short-term releases will be created. Blanket orders often only cover a single item with set delivery dates.

Blanket Release: The shipping and/or manufacturing authorization against a blanket agreement or contract.

Blauwe Steen: The “Blauwe Steen” is the traditional name in the port of Antwerp for the edge of the quay wall. This concept is used with the Incoterm FOB (Free On Board) when the ship’s railing (or the edge of the quay wall) is passed from the seller to the buyer when the goods pass. They use the word “Blauwe Steen” in Flemish ports.

Blind Shipment: The freight shipment is called a blind shipment when the shipper and the recipient are not aware of one another. In such instances, the lading bill lists the party that paid for the shipment as the freight shipment’s shipper or recipient.

Blocking and bracing: This term refers to wood or other supports used during the shipping process to hold products in place on trailers or in containers. Expert shippers make extensive use of this technique to secure their freight shipment.

Bogie: This is a term for rail shipping which refers to a wheel frame on which a container is installed for over-the-road transport.

Bonded terminal: An airline terminal that has U.S. permission Treasury Department for the storage of goods before payment of customs duties or release of the goods.

Bonded Warehouse: A type of storage in which customs duties goods are stored during the customs process while the required export transactions are processed.

Booking: The act of calling for space and equipment to be transported onboard a cargo vessel.

Booking Number: The number allocated by the carrier or carrier’s agent to a certain reservation of space.

Border Checkpoint: Country borders from and to which vehicles export and/or import join or exit along their transit routes

Boxcar: An enclosed railcar used to transport freight

Bracing: A vessel designed to handle break bulk cargo.

Break Bulk (B/B): It is transferred under one MAWB for consolidated air freight, and each consignment assigned to a different consignee or receiver is under one HAWB. After receiving the consolidated cargo from the carrier, the freight forwarder must split the consolidation apart per HAWB and then proceed with customs clearance along with the relevant shipping and import documents. Such a Break-Bulk is usually handled by airlines or their ground handling agent under contract.

Break-Bulk Cargo: Cargo that is shipped as a unit or package but is not containerized

Break-Bulk Vessel: A vessel designed to handle break bulk cargo.

Broker: There are 3 definitions for the term “broker”: 1) an enterprise that owns and leases equipment2) an enterprise that arranges the buying & selling of transportation of, goods, or services 3) a ship agent who acts for the ship owner or charterer in arranging charters.

Brokerage: Brokerage is the amount of freight payable to the broker (by c / p’s owners) or that refers to sale or purchase.

Brokerage License: A brokerage license is a legal document a broker receives to have the right to manage ground, sea and air freight shipping. Brokerage licenses vary for shipping as well as for customs. A NVOCC (Non-Vessel Operating Common Carrier) license is required for making sea shipping arrangements. An IAC (Indirect Air Carrier) license is required to make air shipping arrangements and is obtained through the International Air Transport Association.

BIT Binding tariff information: For a specific product, binding tariff information (BTI) may be requested from Customs to ensure that the customs duties are paid upon import. The legal information regarding tariffs extends across the EU.

BTW  Dutch value added tax: The Government’s levy on the purchase of goods or services.

BUC:  The shipping company also levies a Bunker surcharge or BAF (Bunker Adjustment Factor) from BUC (Bunker Contribution) to mitigate the costs of price fluctuations when fuel prices are subject to major price fluctuations.

Bulkhead: Bulkhead is a separating container vertical partition.

Bulk cargo: Dry freight unpacked such as food, iron ore, or coal. Each product thus shipped is said to be in bulk.

Bulk freight: Freight not found inside packages or containers is known as bulk freight. Bulk freight also comes in the form of liquid or granular material such as sand or crude oil