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”.

 

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".

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.

Ballast. In order to increase the stability of ships, which have to be dispatched without cargo and to ensure that the propeller will be immersed sufficiently, say about two-thirds of its diameter, a sufficient quantity of ballast will be loaded before sailing. The quantity of ballast depends on the type of vessel, quantity of water which can be taken in the ballast tanks and also the voyage to be made. Seasonal weather conditions which may be expected on the voyage must also be considered.

 

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