|
|
|
|
Shipping
Terms - B
|
|
B/L
A particular article, stipulation or single proviso
in a Bill of Lading. A clause can be standard and can
be pre-printed on the B/L.
BSI Container Specification
British Standards Institution Specification for freight
containers.
Bank Guarantee
An undertaking by a bank to be answerable for payment
of a sum of money in the event of non performance by
the party on whose behalf the guarantee is issued.
Bar Coding
A method of encoding data for fast and accurate electronic
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, used to facilitate
timely and accurate input of data to a computer system.
Bar codes represent letters and/or numbers and special
characters like +, /, -, etc.
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 which shows the locations of all the
containers on the vessel.
Berth
A location in a port where a vessel can be moored often
indicated by a code or name.
Bilateral Transport Agreement
Agreement between two nations concerning their transport
relations.
Bill of Exchange
An unconditional order in writing to pay a certain sum
of money to a named person.
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 been visaed 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
is no question of contagious disease and that all quarantine
regulations have been complied with, so that people
may embark and disembark.
Bill of Lading
Abbreviation: B/L, plural Bs/L
A document which evidences a contract of carriage by
sea.
The document has the following functions:
- A receipt for goods, signed by a duly authorised
person on behalf of the carriers
- A document of title to the goods described therein
- Evidence of the terms and conditions of carriage
agreed upon between the two parties
|
At the moment
3 different models are used:
- A 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
- 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
|
Bill of Lading Clause
A particular article, stipulation or single proviso
in a Bill of Lading. A clause can be standard and can
be pre-printed on the B/L.
Bill of Material
A list of all parts, sub-assemblies and raw materials
that constitute a particular assembly, showing the quantity
of each required item.
Block Train
A number of railway wagons (loaded with containers),
departing from a certain place and running straight
to a place of destination, without marshalling, transhipping
or any coupling or de-coupling of wagons.
Bona Fide
In good faith; without dishonesty, fraud or deceit.
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 or country again)
- Bonded goods (dutiable goods upon which duties
have not been paid i.e. goods in transit
or warehoused pending customs clearance)
|
Booking
The offering by a shipper of cargo for transport and
the acceptance of the offering by the carrier or his
agent.
Booking Reference Number
The number assigned to a certain booking by the carrier
or his agent.
Break Bulk
- To commence discharge
- To strip unitised cargo
|
Break Bulk Cargo
General cargo conventionally stowed as opposed to unitised,
containerised and Roll On-Roll Off cargo.
Broker
Person who acts as an agent or intermediary in negotiating
contracts.
Brussels Tariff Nomenclature
The old Customs Co-operation Council Nomenclature for
the classification of goods. Now replaced by the Harmonised
System.
Buffer Stock
A quantity of goods or articles kept in store to safeguard
against unforeseen shortages or demands.
Bulk Cargo
Unpacked homogeneous cargo poured loose in a certain
space of a vessel or container e.g. oil and grain.
Bulk Carrier
Single deck vessel designed to carry homogeneous unpacked
dry cargoes such as grain, iron ore and coal.
Bulk Container
A container designed for the carriage of free-flowing
dry cargoes, which are loaded through hatchways in
the roof of the container and discharged through hatchways
at one end of the container.
Bunker Adjustment Factor
Abbreviation: BAF
Adjustment applied by liner or liner conferences to
offset the effect of fluctuations in the cost of bunkers.
Bunkers
Quantity of fuel on board a vessel.
Bureau Veritas
French classification society.
Business Process
A business process is the action taken to respond
to particular events, convert inputs into outputs,
and produce particular results. Business processes
are what the enterprise must do to conduct its business
successfully.
Business Process Model
The business process model provides a breakdown (process
decomposition) of all levels of business processes
within the scope of a business area. It also shows
process dynamics, lower-level process interrelationships.
In Summary it includes all diagrams related to a process
definition that allows for understanding what the
business process is doing (and not how).
Buyer
Party to which merchandise is sold.
|
|
|
|
|