BAF - Bunker Adjustment Factor. A Fuel Surcharge expressed as percentage added or subtracted from the freight amount reflecting the movement in the market place price for bunkers.
BALLAST - Heavy weight, often sea water, necessary for the stability and safety of a ship which is not carying cargo.
BAREBOAT CHTR - Bareboat Charter - Owners lease a specific ship and control its technical management and commercial operations only.
BBB - Before Breaking Bulk
BDI - Both Dates Inclusive
BENDS - Both Ends (Load & Discharge Ports)
BI - Both Inclusive
BIMCO - The Baltic and International Maritime Council
BL (1) - Bale
BL (2) - (Bill of Lading) A document signed by the carrier which acts as a receipt and evidence of title to the cargo.
BEAM - The maximum breadth of a ship
BOB - Bunker on Board
BOFFER - Best Offer
BROB - Bunkers Remaining on Board
BSS - Basis
BSS 1/1 - Basis 1 Port to 1 Port
BT - Berth Terms
BUNDLING - This is the assembly of pieces of cargo, secured into one manageable unit. This is a very flexible description, a rule of thumb is to present cargo at a size easily handled by a large (20 tonne) fork lift truck.
BUNKERS - Name given for vessels Fuel and Diesel Oil supplies (Originates from coal bunkers)
BWAD - Brackish Water Arrival Draft