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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.
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

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