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Boycott clause. A charterer may insist that a charterparty contains a clause, which causes the shipowner to take the risks if the vessel is delayed by a "boycott" by labour.

BIC-Code. In order to identify all containers manufactured and used especially in shipping, each container is marked with special alpha-numeric codes that appear on the sides or plates of the containers.

Broker. In the context of chartering, the most common "broker" is a "shipbroker". In general, in shipping, a broker is a person who acts as a "middleman" between two parties and negotiates the terms of a contract into which the two parties enter. The broker acts as an agent and usually represents only one of the parties, negotiating with the other party directly or with another broker representing the other side. In addition to a shipbrokerwho can be an owner's broker or a charterer's agent negotiating a charter.

Blank indorsed bills of lading. This covers contract of carriage under bills of lading containing the details of shipment and of carriage but not containing the name of a consignee or endorsee.

BARECON "B". A financial-type of standard-form bareboat charterparty used particularly for new building ships financed by mortgage.

 

Bulbous bow (BB). The shape of the foremost portion of the ship, the bow, in the form of a rounded bulb instead of the traditional V shape, in order to reduce hull resistance and its effect on speed in the water.

BB. This abbreviation can be and is used for a variety of different terms such as: "Ballast Bonus", "Below bridges", "Breaking bulk" and "Bulbous bow".

BARECON "A". A standard-form bareboat charterparty used for existing ships, with or without an existing mortgage.

 

Breakdown clause. Time charterparties contain a clause providing that if the ship is unavailable for the charterer's use because there is loss of time as a result of "...breakdown or damages to hull, machinery or equipment..." (among other causes) payment of the hire money to the shipowner ceases for all or some of the time lost.

BBB. "Before breaking bulk", that is, before commencing discharge or opening of the ship's hatches.

Blue Certificate. This is a document that may be carried by a ship; it indicates that the shipowner has entered into an agreement with the ITF (the International Transport Workers' Federation) that the crew are being paid wages and salaries, which are specified by the ITF.

Berth rates or liner rates. These expressions relate the freight rates applying to shipments by regular lines engaged in the trade in question. These freight rates become "standard" for a particular liner route and particular cargo.

 

Black list. Because oil tankers frequently load oil from Islamic countries these countries may place certain ports on a "black list" such as Israeli or South African ports, and if tankers are known to have called at ports in those countries, the tankers' names are on this black list and the ship can be boycotted and refused entry or cargo.

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