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Brokerage (or Commission). It is customary to express the remuneration for the broker's time and efforts in negotiating and arranging the contract as a certain percentage of the money earned by the shipowner. (In marine insurance, the broker is generally paid a commission by the underwriter although the assured is the broker's client and the services are for the client.) In shipbroking, the term "brokerage" is generally preferable instead of "commission" because the latter term is usually related to the charterer's reward as "address commission".

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.

Bilge. The bilge of a vessel with double bottom tanks is a triangular channel on both sides formed by the margin plate of a double bottom, the curvature of the outer skin of the vessel and the bilge ceiling.

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

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

 

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.

 

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.

 

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.

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.

Breadth moulded. This expression relates to the maximum breadth of a ship measured amidships between the outside (heels) of the frames, i.e. to the inside of shell plating.

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".

 

Both ends (Bends). This expression is frequently used when negotiating for the chartering of a ship, as regards rate of loading and discharge; loading and discharging expenses; appointment of charterers' or owners' agents at port of loading/discharge, etc. This term implies that the arrangements agreed upon apply both at the loading and discharging port(s).

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.

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.

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