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.

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.

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".

 

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.

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.

Broker. In the context of chartering, the most common "broker" is a "shipbroker". In general, in shipping, a broker is a person who acts as a "middleman" between two parties and negotiates the terms of a contract into which the two parties enter. The broker acts as an agent and usually represents only one of the parties, negotiating with the other party directly or with another broker representing the other side. In addition to a shipbrokerwho can be an owner's broker or a charterer's agent negotiating a charter.

Bulkheads. These are steel divisions across the vessel either transversely or fore and aft. The functions of bulkheads are:

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.

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.

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.

BB. This abbreviation can be and is used for a variety of different terms such as: "Ballast Bonus", "Below bridges", "Breaking bulk" and "Bulbous bow".

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.

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