If you wish to be contacted by one of our sales representatives for a quote or more information please fill out the form below.
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 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.