BARECON "B". A financial-type of standard-form bareboat charterparty used particularly for new building ships financed by mortgage.
Builder’s certificate. As the name indicates, this certificate is issued by the shipbuilding yard, containing a true account of the estimated tonnage; the year and place where the vessel was built and also the name of the owners and other details. This certificate is required in addition to the declaration of ownership , on the first registry of the ship.
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.
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.
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.
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.