Blue Certificate. This is a document that may be carried by a ship; it indicates that the shipowner has entered into an agreement with the ITF (the International Transport Workers' Federation) that the crew are being paid wages and salaries, which are specified by the ITF.

Berth rates or liner rates. These expressions relate the freight rates applying to shipments by regular lines engaged in the trade in question. These freight rates become "standard" for a particular liner route and particular cargo.

 

Booking office. Conference lines, operating in certain trades, may decide to establish a booking office to take bookings and also ensure that each line carries its agreed share. Shippers may not be permitted to insist on carriage by a specific line although the booking office may try to meet shippers’ wishes in this respect as much as possible.

 

Bagging of cargo. A charterparty may contain a clause, which stipulates that if the charterers load grain in bulk, they must supply to the master on his request sufficient empty bags to be used to collect any grain, which was spilled, and any grain that remained in the cargo space after discharge.

Basis of calculation: All rate calculations, which are made in U.S. dollars, are per tonne for a full cargo for the standard vessel based upon a round voyage from loading port or ports to discharging port or ports and return to first loading port using the under-mentioned factors.

Break bulk cargo. This is cargo carried on board traditional, conventional general cargo ships. The cargo is loaded and discharged one piece at a time (heavy cargoes) or a few pieces at a time, such as a number of bales or drums or a bundle of steel sheets.

 

BARECON "A". A standard-form bareboat charterparty used for existing ships, with or without an existing mortgage.

 

BARECON "B". A financial-type of standard-form bareboat charterparty used particularly for new building ships financed by mortgage.

 

Baltic Exchange. Situated in London, England, this is the foremost shipping market-place in the world. Shipbrokers meet in the Exchange daily to charter ships and to exchange information. Trade is also carried out in commodities such as grain. The Baltic also lends its name to an "Index", the Baltic Freight Index (BFI). Since 1985 there has been a development of freight futures (BIFFEX), and these are also transacted on the "floor" of the Exchange.

 

BBB. "Before breaking bulk", that is, before commencing discharge or opening of the ship's hatches.

BIC-Code. In order to identify all containers manufactured and used especially in shipping, each container is marked with special alpha-numeric codes that appear on the sides or plates of the containers.

Boycott clause. A charterer may insist that a charterparty contains a clause, which causes the shipowner to take the risks if the vessel is delayed by a "boycott" by labour.

Black list. Because oil tankers frequently load oil from Islamic countries these countries may place certain ports on a "black list" such as Israeli or South African ports, and if tankers are known to have called at ports in those countries, the tankers' names are on this black list and the ship can be boycotted and refused entry or cargo.

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