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Glossary
Glossary of Terms
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Baltime

Timecharter charter party.

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Baltimore Form C

Voyage charter party (grain).

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Bale

Volume capacity of cargo hold(s) used to estimate intake of non-bulk cargo (in cbft or cbm).

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BC

Bulkcarrier.

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Beam

Breadth of a vessel.

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Bill of Lading

A document which establishes the terms of a contract between a shipper and owner to move cargo between specified ports. The B/L is usually prepared by the shipper on a form issued by the owner. It is a document of title, contract of carriage and a receipt for goods.

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B/L

Bill of Lading.

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Booking Note

Short form contract usually used for part cargoes.

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Box Shaped Hold

Cargo hold in which the sides and the bottom join at right angles.

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Breakbulk

Bundled, palletised or packaged goods that are not shipped in containers.

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Bulkcarrier

Vessel built to transport dry bulk cargoes.

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Bulkhead

A partition separating one part of a ship (e.g. hold or tank) from another part.

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Bunker Adjustment Factor (BAF)

Adjustment to freight rates to compensate for fluctuations in the market price for fuel.

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BV

Bureau Veritas, classification society.

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