Bank Guarantee: Protection
in writing to carrier for performing a deviation from normal business, guaranteed
by a bank. Accepted in lieu of original bill of lading to release cargo.
Basic Agreement: A
document containing administrative rules and regulations adhered to by members
of a conference. These guidelines are voluntarily agreed to by the member
lines and are on file with the Federal Maritime Commission.
Bill of Lading(B/L)
(Blading): Official legal document representing ownership of cargo; negotiable
document
to receive cargo; contact for carriage between shipper and carrier.
Bill of Lading No.(B/L
No.): Carrier's reference number assigned to bill of lading.
B/L Terms: All
details relevant to the shipment
Box Rate: A lump
sum charge to move cargo in various size containers from origin to destination.
Boycott Certificates:
Required by certain countries restricting carriage to certain flag vessels.
Frequently illegal under U.S. Law
Bunker Adjustment Factor
(BAF): Surcharge assessed by carrier applied to freight rates to supplement
fuel costs.
Bunker Surcharge(BSC):
Same as above.
