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Glossary

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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.
Hits: 183
BACKLETTER
Where a seller/shipper issues a 'letter of indemnity' in favour of the carrier in exchange for a clean bill of lading
Hits: 195
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.
Hits: 185
BALE CAP.
Cubic capacity of a vessels holds to carry packaged dry cargo such as bales/pallets
Hits: 212
BALLAST
Heavy weight, often sea water, necessary for the stability and safety of a ship which is not carrying cargo
Hits: 175
BALLAST BONUS
Compensation for relatively long ballast voyage
Hits: 159
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.
Hits: 149
BBB
Before Breaking Bulk. Refers to freight payments that must be received before discharge of a vessel commences
Hits: 159
BDI
Both Dates Inclusive
Hits: 170
BEAM
The maximum breadth or the greatest width of a ship
Hits: 172
BENDS
Both Ends (Load & Discharge Ports)
Hits: 272
BI
Both Inclusive
Hits: 169
BIMCO
The Baltic and International Maritime Council
Hits: 146
BL
Bale
Hits: 223
BM
Hits: 172

Clients and Services

IFA offers services that cover efficiently any need for transport by sea or by land, from machinery to complete 'hi-tech, from food to chemicals.

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
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