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.

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.

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.

Bona fide. "Good faith”. This is a legal term that comes from the Latin language and suggests honesty or sincerity. For example, in negotiations for a charter fixture one side must give bona fide information about the ship or the cargo to the other side.

 

Below bridges (BB). This term can be Found in instructions from port and charterers' agents to the ship to ensure that the ship is kept at the appropriate draft in order to ensure that it will have sufficient clearance above its highest point to pass safely below bridges (or overhead obstructions such as power cables) across a canal, channel or river in the approaches to a berth or port. To ensure the ship's clearance below bridges would be the shipowner's obligation.

 

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

 

Box rates. This is the freight rate for the carriage of a container, usually irrespective of the cargo in the container although some conferences and liner operators may offer their services on a box commodity rate.

 

Blockade. Belligerent powers have the right of blockade, i.e., the right to blockade enemy ports or coastal territory for ocean shipping by military measures.

The blockade must be respected by neutral states. Running a blockade, if unsuccessful, may entail boarding and searching for contraband and confiscation of ship and 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.

 

Back Letter. Back letters may be drawn up to complement a contract in order to lay down rights and/or obligations between both contracting parties, which, for some reason or other, cannot be included in the original contract. This expression is also used for “letters of indemnity”.

 

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