Balespace. The balespace of a vessel is the volume capacity of cargo spaces under deck (including hatchways), expressed in cubic feet or cubic metres.

Bar draught. This expression relates to the maximum draught enabling the ship to pass over a "bar", for example the Martin-Garcia bar in the River Plate. A "bar" is a restriction in the depth of water, caused by a build-up of sand or silt on the bottom, in a river or across the entrance to a harbour.

Barratry. Under the U.K. Marine Insurance Act 1906 the term barratry includes every wrongful act willfully committed by the master or crew to the detriment of the owners or charterers, as the case may be.

Both ends (Bends). This expression is frequently used when negotiating for the chartering of a ship, as regards rate of loading and discharge; loading and discharging expenses; appointment of charterers' or owners' agents at port of loading/discharge, etc. This term implies that the arrangements agreed upon apply both at the loading and discharging port(s).

Brokerage (or Commission). It is customary to express the remuneration for the broker's time and efforts in negotiating and arranging the contract as a certain percentage of the money earned by the shipowner. (In marine insurance, the broker is generally paid a commission by the underwriter although the assured is the broker's client and the services are for the client.) In shipbroking, the term "brokerage" is generally preferable instead of "commission" because the latter term is usually related to the charterer's reward as "address commission".

Bill of lading identifier. In the United States the Customs authorities require that all shipping documents covering cargo imported into the U.S. be marked with an identity code, identifying the issuer of tile bill of lading.

Breakbulk (cargo) (BB). Packages of cargo or "parcels" (small quantities) known as "general cargo" and individually carried in the cargo compartments of a ship. Such cargo is not in "bulk cargo" form and not in unitised or containerised form. If the term is used as a verb "to break bulk", it indicates "to open hatches and commence discharge".

 

Bonding. This is an operation that was performed (and can still be used in some ports) on oil tankers to prevent electrical discharges caused by a difference of discharged.

Berth note or booking note. Fixtures of vessels on "berth note" are now very uncommon. Such berth notes or booking-notes referred to shipment of a part cargo. In the early days, the master of the ship could sign a letter or form giving fundamental details of the ship. The note was endorsed later by the owners, agents or disponent owners (charterers).

 

BALTIME. A Uniform standard form time charter published by BIMCO. In 1974 another edition included a box type format for main details and descriptive text for the clauses. BALTIME generally favours the shipowners' side and contrasts the NYPE, the New York Produce Exchange Form of time charter, which tends to favour the charterer's side.

 

Baltic Freight Index (BFI). Twelve frequently fixed routes were chosen and daily reports of actual fixtures (or estimates from a broker panel) on these routes calculated, using a weighted average system, into a statistical index. The weighting indicates the frequency of fixtures on that route.

 

Blank indorsed bills of lading. This covers contract of carriage under bills of lading containing the details of shipment and of carriage but not containing the name of a consignee or endorsee.

Breadth moulded. This expression relates to the maximum breadth of a ship measured amidships between the outside (heels) of the frames, i.e. to the inside of shell plating.

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