International Forwarding Agent s.r.l.
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Glossary
Glossaries
| Term | Definition |
|---|---|
| B/L |
(Bill of Lading) A document signed by the carrier which acts as a Contract of Affreightment, a receipt and evidence of title to the cargo.
|
| 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 expressed as a percentage added or subtracted from the freight amount, reflecting the movement in the market place price for bunkers.
|
| BALE CAP. |
Cubic capacity of a vessels holds to carry packaged dry cargo such as bales/pallets
|
| BALLAST |
Heavy weight, often sea water, necessary for the stability and safety of a ship which is not carrying cargo
|
| BALLAST BONUS |
Compensation for relatively long ballast voyage
|
| BAREBOAT CHTR. |
Bareboat Charter - Owners lease a specific ship and control its technical management and commercial operations only. Charterers take over all responsibility for the operation of the vessel and expenses for the duration.
|
| BBB |
Before Breaking Bulk. Refers to freight payments that must be received before discharge of a vessel commences
|
| BDI |
Both Dates Inclusive
|
| BEAM |
The maximum breadth or the greatest width of a ship
|
| BENDS |
Both Ends (Load & Discharge Ports)
|
| BI |
Both Inclusive
|
| BIMCO |
The Baltic and International Maritime Council
|
| BL |
Bale
|
| BM |
IFA
IFA has been operating since 1982 in the field of international shipping has always been pursuing a business strategy that focuses on the development of the service the client's business.
IFA International Forwarding Agent SRL | Via Cristoforo Colombo 6, 20066 Melzo (Milan) | Phone +39.02.95736765 - Fax +39.02.95737443 | p.iva IT04804330159