Freight, shipping and chartering glossary
| Type | Meaning |
|---|---|
| Bunker Adjustment Factor | Ocean fuel surcharge. |
| Break Bulk Vessel | Bulk cargo ship. |
| Bill of Lading, Through | Consignment that covers goods from the point of departure to the final destination, when an exchange or transfer from one carrier to another is necessary to complete the trip. |
| Basing-point pricing | A system by which pricing is carried out, which incurs the cost of transporting goods from one point to another, even in cases where delivery does not occur at the point of basing. |
| Booking Confirmation | Booking confirmation is a receipt. |
| Bonded Goods | Imported goods are stored in the so-called customs warehouse, which is a gateway where the goods can be stored for some time without payment for storage and duties. |
| Balance of Trade | The ratio of the prices of goods exported by a country to the prices of goods imported into it for a certain period of time. |
| Business logistics | A special process in which planning, implementation and verification of the flow of goods, services and other similar information is provided. |
| Break-bulk | Separation of consolidated cargo into separate small batches for delivery to the final recipient. The cargo can be moved entirely inside the trailer, or it can be replaced and transferred to the connecting carriers. |
| Billable Weight | Weight is taken as a basis when the price is generating. |
| Batch picking | Collecting items from a warehouse for several (more than one) orders. |
| Booking Fee | Additional costs that the agent adds to the tariff. |
| Bonded trucking | Trucking charge for shipments to a Free Trade Zone. |
| Bale | Bulk compressed bound and most often packaged bundle of goods: such as hay or cotton. |
| Buyer | Organization that is engaged in the acquisition of any goods or services. |
| Broker | There are several definitions of this term 1) An organization that owns or rents equipment 2) An enterprise that helps to buy or rent services or goods 3) An agent who works for the shipowner or charterer in chartering. |
| Billing | The operator terminal, which indicates the desired rate, calculates how much the delivery will cost and generates a freight bill. |
| Beneficial Cargo Owner (BCO) | This is an importer who gains control of the cargo using its own logistics assets instead of using a third-party source such as a forwarder or NVOCC. |
| Booking Number | A kind of number that is assigned to a particular place of booking by the carrier or carrier agent. |
| Bonded warehousing | One of the types of warehousing in which organizations store goods without makes payment of taxes and do not consider tariffs. The warehouse manager contacts himself with a tax or tariff collection agency to ensure that taxes are paid before the warehouse releases the goods. |
| test | test body |
| Bonded trucking | Trucking charge for shipments to a Free Trade Zone. |
| Broker | There are several definitions of this term 1) An organization that owns or rents equipment 2) An enterprise that helps to buy or rent services or goods 3) An agent who works for the shipowner or charterer in chartering. |
| Bonded warehousing | One of the types of warehousing in which organizations store goods without makes payment of taxes and do not consider tariffs. The warehouse manager contacts himself with a tax or tariff collection agency to ensure that taxes are paid before the warehouse releases the goods. |
| Buffer Stock | A quantity of goods or articles kept in storage to safeguard against unforeseen shortages or demands. |
| Booking | Request for a place and equipment on board the vessel for the cargo that needs to be transported. |
| Bunker Adjustment Factor | Ocean fuel surcharge. |
| Booking Confirmation | Booking confirmation is a receipt. |
| Business logistics | A special process in which planning, implementation and verification of the flow of goods, services and other similar information is provided. |
| Booking Fee | Additional costs that the agent adds to the tariff. |
| Buyer | Organization that is engaged in the acquisition of any goods or services. |
| Booking Number | A kind of number that is assigned to a particular place of booking by the carrier or carrier agent. |
| Binder | A piece of cardboard, thin wood, or similar material that is inserted between the layers of containers to wait and hold a single stack. |
| Boxcar | A boxcar, typically forty to fifty feet long, used to pack bulk goods. |
| Blanket rate | A tariff that does not increase due to the distance over which delivery is carried out. |
| Bracing | To ensure delivery within the carrier’s vehicle to prevent damage. |
| Blind shipping | When one or more parties don't know who the shipper is, whose receiver is, or both are. |
| Break Bulk Cargo | Goods that are shipped as a single unit or package (for example: cargo on pallets, piece goods, bulky equipment, trucks), but not in the container. |
| Bond, In | The goods in storage are transported in customs regime under customs control or until payment of import duties or some other fees, or to avoid payment of duties or fees until a later date. |
| Break Bulk Vessel | Bulk cargo ship. |
| Bonded Goods | Imported goods are stored in the so-called customs warehouse, which is a gateway where the goods can be stored for some time without payment for storage and duties. |
| Break-bulk | Separation of consolidated cargo into separate small batches for delivery to the final recipient. The cargo can be moved entirely inside the trailer, or it can be replaced and transferred to the connecting carriers. |
| Billable Weight | Weight is taken as a basis when the price is generating. |
| Batch picking | Collecting items from a warehouse for several (more than one) orders. |
| Booking Fee | Additional costs that the agent adds to the tariff. |
| Bale | Bulk compressed bound and most often packaged bundle of goods: such as hay or cotton. |
| Buyer | Organization that is engaged in the acquisition of any goods or services. |
| Billing | The operator terminal, which indicates the desired rate, calculates how much the delivery will cost and generates a freight bill. |
| Beneficial Cargo Owner (BCO) | This is an importer who gains control of the cargo using its own logistics assets instead of using a third-party source such as a forwarder or NVOCC. |
| Booking Number | A kind of number that is assigned to a particular place of booking by the carrier or carrier agent. |
