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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".

Booking office. Conference lines, operating in certain trades, may decide to establish a booking office to take bookings and also ensure that each line carries its agreed share. Shippers may not be permitted to insist on carriage by a specific line although the booking office may try to meet shippers’ wishes in this respect as much as possible.

 

Breach of contract. A contract contains obligations of each of the parties to the agreement. If these obligations are not carried out or not performed or, if performed badly, a breach of contract occurs.

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.

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.

Back Letter. Back letters may be drawn up to complement a contract in order to lay down rights and/or obligations between both contracting parties, which, for some reason or other, cannot be included in the original contract. This expression is also used for “letters of indemnity”.

 

Ballast. In order to increase the stability of ships, which have to be dispatched without cargo and to ensure that the propeller will be immersed sufficiently, say about two-thirds of its diameter, a sufficient quantity of ballast will be loaded before sailing. The quantity of ballast depends on the type of vessel, quantity of water which can be taken in the ballast tanks and also the voyage to be made. Seasonal weather conditions which may be expected on the voyage must also be considered.

 

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

 

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.

 

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.

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.

Bulkheads. These are steel divisions across the vessel either transversely or fore and aft. The functions of bulkheads are:

Bona fide. "Good faith”. This is a legal term that comes from the Latin language and suggests honesty or sincerity. For example, in negotiations for a charter fixture one side must give bona fide information about the ship or the cargo to the other side.

 

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.

Box rates. This is the freight rate for the carriage of a container, usually irrespective of the cargo in the container although some conferences and liner operators may offer their services on a box commodity rate.

 

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