BACKLETTER - Where a seller/shipper issues a Letter
of Indemnity in favour of the carrier in exchange for a
clean Bill of Lading
BAF - Bunker Adjustment factor, A fuel surcharge
added or subtracted from the freight amount
BALE - Cubic Capacity of a vessels hold to carry
packaged dry cargo such as bales or pallets
BALLAST - Weight, often seawater needed for stability
and safty for trading a vessel which have no cargo or
only part-cargo onboard
BB or BALLAST BONUS - Compensation paid by
Charterers for relatively long ballast voyage, prior
loading Charterers cargo
BALTIME - Time charter party
BBB - Before breaking bulk
BC - Bulk Carrier or British Columbia
BDI - Both dates inclusive
BEAM or BM - The maximum breadth of a vessel
BE or BENDS - Both ends
BEH - Basis empty holds
B4 - Before
BFC - Baltimore Form C Berth Grain Charter Party
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