BACK HAUL

1) Return transportation movement usually at less revenue than the original move. 2) Movement in the direction of lighter traffic flow when traffic generally is heavier in the opposite direction. 3) To move a shipment back over part of a route already traveled.

 

BANK GUARANTEE

A commitment from a band to , backed by his bank, that a carrier will not be held liable for any claims resulting from the release of cargo to said consignee when he is not in possession of original endorsed Bills of Lading and or other specified documents.

 

BARE BOAT CHARTER

A term used to define an arrangement whereby a party leases a vessel for a specified period of time, and pays crew costs and all other expenses pertaining to the working of the vessel during that time.

 

BARRATRY

An act committed by the master or mariners of a vessel, for some unlawful or fraudulent purpose, contrary to their duty to the owners, whereby the latter sustains injury. It may include negligence, gross negligence or fraud.

 

BASING POINT

Geographic point to which transportation rates are set so that rates to adjacent points can be constructed by adding to/deducting from the basing point rate.

 

BEYOND CHARGES

Charges for movement beyond discharge port to final destination by connecting carrier.

 

BILL OF LADING

The principal contract of carriage by which a carrier acknowledges description and receipt of freight from shipper. Terms, conditions, responsibilities, and liabilities vary with manner and place of use. Bills of lading may be negotiable or non-negotiable.

 

BI-LATERAL AGREEMENT

An agreement between two countries.

 

BILL OF LADING ACT

An Act of Congress relating to the preparation and negotiability of Bills of Lading.

 

BILLED WEIGHT

The weight of a shipment as shown on the freight bill, not necessarily the actual weight.

 

BLUE LABEL

Warning label affixed to radioactive cargo.

 

BONA FIDE

Latin for "In good faith"; without fraud or deceit.

 

BONDED WAREHOUSE

A warehouse owned by persons approved by the Treasury Department and under bond for the observance of the revenue laws; used for storing goods until duties are paid or goods are released.

 

BOOKABLE ROUTE 

A multi-modal collection of carrier specific scheduled legs, connecting a departure origin to a target destination.

 

BOOKING

Initial contact between a carrier and a customer for the purpose of setting aside space for an intended trip or shipment. 

 

BOX

1) Slang term for a trailer or container for ocean carriers. 2) Slang term for a truck transmission.

 

BOYCOTT

A voluntary refusal to purchase or sell goods.

 

BRANCH LINE

Railroad line providing train service to one or more stations beyond a junction with the main line or another branch line.

 

BREAKBULK

1) To unload, sort, and reload some or all contents of a vehicle in transit. 2) To reduce a large shipment of a single commodity to smaller shipments, and disperse the goods to various buyers.

 

BREAKBULK SHIP

A vessel designed to carry general cargo of any and all sizes and shapes. The holds are loaded by the "boom-and-sling" method, with gangs of longshoremen filling cargo nets (slings) manually on the dock and lifting nets aboard with booms, to be unloaded and stored. It normally takes 7 to 14 days to load or unload this type of vessel. By comparison, a containership unloads and loads within 24 hours.

 

BROKER

1) Agent who arranges interstate movement of goods by other carriers. 2) Arranger of exempt loads for owner-operators and/or carriers. 3) One who arranges the buying/selling of goods for a commission. 4) Person who leases owned equipment to a carrier.

 

BRUSSELS DEFINITION OF VALUE (BDV)

The rules on Customs valuation according to the BDV are based on the notional concept of "value" which treats the dutiable value as the "normal price" at which the goods would be sold in an open market between an importer and an exporter operating independently. The "normal price" is the open market price at which the goods are freely available to any buyer subject to compliance with certain conditions. For example, if a sole agent receives a special discount, which is not granted to other importers, it has to be added to the price to arrive at the normal or open market price for Customs valuation purposes.

BULK CARRIER

Vessel that carries bulk commodities such as petroleum, grain, or ore, which are not packaged bundled, bottled, or otherwise packed.

 

BULK CARRIER VESSEL

Designed to carry liquid or dry commodities, such as petroleum or wheat, in bulk.

 

BULK FREIGHT

Dry or liquid freight not in packages or individual containers.

 

BULKHEAD

1) Upright wall in a trailer, railcar, air carrier, or vessel that separates and stabilizes a load, or separates one compartment from another. 2) Cargo-restraining partition in a vehicle or vessel.

 

BUNKER

The space in which fuel for the vessel is stored.

 

BUNKER ADJUSTMENT FACTOR

An ancillary charge assessed by carriers on some ocean container freight shipments to account for fluctuation in fuel cost.

 

BUNKERING (TO BUNKER)

To replenish the fuel.

 

BUNKER SURCHARGE

Additional shipping charge incurred or charged due to fuel price increases.

 

BUREAU OF EXPORT ADMINISTRATION

The Department of Commerce agency responsible for administering and enforcing export controls on “dual-use” items. (USA)

 

BUSHEL

A measure of capacity (8 gallons) for produce.

 

BUSINESS EXECUTIVES ENFORCEMENT TEAM

Town-hall meetings, hosted by Export Enforcement personnel, which provides opportunities for government officials and business executives to discuss export control and enforcement issues and to develop cooperative relationships within the business community. (USA)

 

BUYER'S RIGHT TO ROUTE

When a seller does not pay freight charges, the purchaser has a right to designate the route for shipment, and the seller is responsible for following the buyer's instructions. Complete routing is permitted for rail shipments, but limited to the first carrier in motor shipments.