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.

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

 

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.

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

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.

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.

 

Bulbous bow (BB). The shape of the foremost portion of the ship, the bow, in the form of a rounded bulb instead of the traditional V shape, in order to reduce hull resistance and its effect on speed in the water.

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

 

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.

Breach of contract. A contract contains obligations of each of the parties to the agreement. If these obligations are not carried out or not performed or, if performed badly, a breach of contract occurs.

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.

Breakdown clause. Time charterparties contain a clause providing that if the ship is unavailable for the charterer's use because there is loss of time as a result of "...breakdown or damages to hull, machinery or equipment..." (among other causes) payment of the hire money to the shipowner ceases for all or some of the time lost.

Back haul. This may be a diversion for a tanker to move cargo on the return leg of a voyage in order to minimise the ballast mileage.

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