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BOT
Balance of Trade
BOP
Balance of Payments
B/L
Bill of Lading
BI
Business Information Office
BIA
Best Information Available
BFC
Business Facilitation Center
BAGGAGE
General License
bunkers
A ship's fuel.
bulk cargo
Unpacked dry cargo such as grain or coal.
booking
Reservation made by a shipper or his agent with a carrier to carry certain defined goods between locations.
bill of lading
"A document issued by a ship owner to a shipper of goods. It serves as a receipt for the goods, contract of carriage, and document of title."
berth
A location alongside a quay where a ship loads or discharges cargo.
base cargo
Relatively heavy cargo stowed at the bottom of a hold to provide a ship with stability when at sea or a minimum quantity of cargo required by a shipping line for calling at a port for loading.
ballast
"A heavy weight, usually sea water, necessary for the stability and safety of a ship at sea that is not carrying cargo."
Balance of Payments Consultations
The coordination between the GATT and the IMF to ensure
Brl.
Barrel
Bls.
Bales. Barrels
Bkge.
"Breakage, brokerage"
Bk.
"Back, Backwardation, Book"
bhp
Brake horsepower
Bds.
Boards (timber)
Bdls
Bundles
Bd.
"Bound, bond"
bbls
Barrels
Bar.
Barrel
B/s
"Bags, Bales"
B/O
Brought over
B/L
Bill of Landing
B/G
Bondage goods
B/E
"Bill of Exchange, Bill of Entry"
B/D
"Bank Draft, bar draft (grain trade)"
b.t.
Berth terms
B.S.T.
British Summer Time
B.D.I.
Both days inclusive
b.d.i.
Both dates inclusive
Bunkers
Heavy fuel and diesel oil used to power a ship's engines.
Bareboat Charter
A charter of a ship under which the ship owner is usually paid a fixed amount of charter hire for a certain period of time during which the charterer is responsible for the ship operating expenses and voyage expenses of the ship and for the management of the ship, including crewing. A bareboat charter is also known as a "demise charter" or a "time charter by demise."
Ballast
A voyage during which the ship is not laden with cargo.
Bulk Cargo
"Bulk cargo is unbound as loaded and carried aboard ship; it is without mark or count, in a loose unpackaged form, and has homogeneous characteristics."
Bill of Lading
"Bills of lading are contracts between the owner of the goods and the carrier.
Bank Release
Negotiable time draft drawn on and accepted by a bank which adds its credit to that of an importer of merchandise.
Bank Holding Company
"Any company which directly or indirectly owns or controls, with power to
Bank Guarantee
"An assurance, obtained from a bank by a foreign purchaser; that the bank will pay an exporter up to a given amount for goods shipped if the foreign purchaser defaults. (see: Letter of Credit.)"
Banker's Acceptance
"A banker's acceptance is a draft drawn on and accepted by a bank. Depending on the bank's creditworthiness, the acceptance becomes a financial instrument which can be discounted."