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International Shipping Terms Glossary

Glossary Terms for "B"

TypeMeaning
Back HaulThe return trip of a transport vehicle after delivering cargo to its destination.
Back OrderAn order placed for goods currently unavailable, to be fulfilled when the goods are restocked.
BackfreightA reimbursement paid to shipowners for returning goods due to the fault of consignees or consignors.
Balance of TradeThe difference in value between a country’s exports and imports over a specific time period.
BaleA tightly packed bundle of goods, such as hay or cotton, often bound and covered.
BargeA flat-bottomed vessel used to transport cargo, typically on inland waterways, with or without a motor.
BarratryIllegal acts by a ship's master or crew causing harm to the vessel’s owner, including gross negligence.
BarterThe exchange of goods or services without the use of money.
Base CurrencyThe primary currency used as a reference point when comparing or quoting exchange rates.
Basing-Point PricingA pricing method where transportation costs from a specific location are factored into the final price.
Batch PickingCollecting items from a warehouse to fulfill multiple orders simultaneously.
Beneficial Cargo Owner (BCO)An importer who manages their own logistics without relying on third-party services like NVOCCs or forwarders.
Benefit-Cost RatioAnalytical technique used in state planning; ratio of total measurable benefits divided by initial costs.
Bill of Lading, ThroughConsignment covering goods from departure to destination, including transfer between carriers.
Billable WeightWeight basis for generating the price.
BillingOperator terminal to calculate delivery cost and generate a freight bill.
BIF (Bond in Force)Equivalent to duty/tax for bonded shipments; collateral required until bond is cancelled after withdrawal or duty payment.
BinderMaterial (e.g., cardboard) inserted between container layers to stabilize stacks.
Blanket RateTariff unaffected by delivery distance.
Blind ShippingShipping where one or more parties are unaware of the shipper, receiver, or both.
Bond, InGoods under customs control until duties or fees are paid or deferred.
Bonded GoodsImported goods stored in customs warehouses without immediate payment of storage or duties.
Bonded TruckingTrucking charge for shipments to Free Trade Zones.
Bonded WarehousingWarehousing where goods are stored without immediate payment of taxes/tariffs; warehouse ensures taxes are paid before release.
BookingRequest for space and equipment aboard a vessel.
Booking ConfirmationReceipt confirming a booking.
Booking FeeAdditional costs added by the agent to the tariff.
Booking NumberUnique number assigned by the carrier or agent to a booking.
BoxcarRailcar, typically 40–50 feet long, for bulk goods.
BracingSecuring goods in a vehicle to prevent damage during transit.
Break Bulk CargoGoods shipped as single units (e.g., pallets, bulky equipment) but not in containers.
Break Bulk VesselVessel designed for bulk cargo shipment.
Break-bulkSplitting consolidated cargo into smaller batches for final delivery.
BrokerEntity renting equipment, facilitating transactions, or acting as an agent in chartering.
Buffer StockReserve inventory to guard against shortages or unexpected demand.
Bunker Adjustment FactorOcean fuel surcharge.
Business LogisticsPlanning, implementation, and verification of goods/services flow.
BuyerOrganization purchasing goods or services.