Terms used in shipping such as Bulk Freight,BULK,BUOY,Bunkers,Bunkers,Bunker Charge etc.
This post explains about terms used in shipping such as Bulk cargo , Brokerage,Bulk Carriers,Bulk Freight,BULK,BUOY,Bunkers,Bunkers,Bunker Charge,Bulkhead etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
Terms used in shipping
BROKERAGE:Percentage of freight payable to broker (by owners in c/p’s) or applicable to sale or purchase.
Brussels Tariff Nomenclature - A once widely used international tariff classification system which preceded the Customs Cooperation Council Nomenclature (CCCN) and the Harmonized System Nomenclature (HS). The BTN was changed in name only to the CCCN in 1976 to avoid confusion with the
BSA - Bilateral Steel Agreement
BSP - Business Sponsored or Between Show Promotion
BSRA:Basic Service Rate Additional - the charge levied by shipping companies to importers for LCL cargo, including the port charges, transport to an unpacking depot (see CFS) subsequent sorting and storage of the goods and finally loading onto a vehicle collecting the goods for delivery to the buyer
BT - Berth Terms - Expression signifying that the contract of carriage is subject to the customs and conditions of the ports of loading and discharging.
BTI (Binding Tariff Information):Formal classification of an item / product to a specific Customs commodity code for your goods. Samples are sent to Customs for them to assess and advise the Commodity Code
BTN - Brussels Tariff Nomenclature
Bulk Cargo - "Bulk cargo is unbound as loaded and carried aboard ship; it is without mark or count, in a loose unpackaged form, and has homongeneous characteristics."
Bulk cargo - commodity cargo that is transported unpackaged in large quantities. These cargos are usually dropped or poured as a liquid or solid, into a bulk carrier's hold. Examples of bulk cargo are grain, seed, and coal and iron ore.
bulk cargo - Unpacked dry cargo such as grain or coal.
Bulk cargo : Commodity cargo that is transported unpackaged in large quantities. These cargos are usually dropped or poured as a liquid or solid, into a bulk carrier's hold. Examples of bulk cargo are grain, seed, and coal and iron ore.
bulk cargo: Loose cargo (dry or liquid) that is loaded (shoveled, scooped, forked, mechanically conveyed or pumped) in volume directly into a ship’s hold; e.g., grain, coal and oil.
Bulk Cargo:Cargo that is stowed loose on transportation vehicles, in a tank or hold without specific packaging, and handled by pump, scoop, conveyor, or shovel. Examples: grain, coal, petroleum, chemicals.
BULK CARGO:Loose cargo that is loaded directly into a ship’s hold.
Bulk Cargo:Not in packages or containers; Homogeneous cargo shipped loose in the hold of a ship without mark and count. Grain, coal and sulfur are usually bulk freight.
BULK CARRIER:There are two types of bulk carriers, the dry-bulk carrier, and the liquid-bulk carrier, better known as a tanker. Bulk cargo is a shipment such as oil, grain, or one which is not packaged, bundled, bottled, or otherwise packed and is loaded without counting or marking.
Bulk Carriers:A vessel carrying dry, liquid, grain, not packaged, bundled or bottled cargo, and is loaded without marks and number or count.
Bulk Freight - Freight that is not contained within packages or containers is referred to as bulk freight.
Bulk Freight:Cargo that is transported unpackaged in large quantities. It refers to material in either liquid or granular, particulate form, as a mass of relatively small solids, such as petroleum, grain, coal, or gravel. This cargo is usually dropped or poured, with a spout or shovel bucket, into a bulk carrier ship's hold, railroad car, or tanker truck/trailer/semi-trailer body.
BULK SOLIDS:Dry cargo shipped in containers, loose and in bulk, without counting or marking.
BULK:Cargo shipped in loose condition and of a homogeneous nature. Cargoes that are shipped unpackaged either dry, such as grain and ore, or liquid, such as petroleum products. Bulk service generally is not provided on a regularly scheduled basis, but rather as needed, on specialized ships, transporting a specific commodity.
Bulk-Freight Container:A container with a discharge hatch in the front wall; allows bulk commodities to be carried.
bulkhead: A structure used to protect against shifting cargo and/or to separate the load.
Bulkhead;A partition separating one part of a ship, freight car, aircraft or truck from another part.
Bull Rings:Cargo-securing devices mounted in the floor of containers which allow lashing and securing of cargoes.
Bundesbank - "The Bundesbank is the German central bank. The main functions of the Bundesbank are to regulate the money supply, support the general economic policy of the federal government, and issue banknotes. It sets the key discount rate, the Lombard rate, and mi"
Bundesministerium fur Wirtschaft - "The BMWi (German: Ministry for Economic Affairs) gathers and distributes market information and supports semiprivate and private organizations, such as overseas chambers of commerce. Within the BMWi is the Federal Office for Foreign Trade (Bundesstelle "
Bundesstelle fur Aussenhandelsinformation - See: Bundesministerium fur Wirtschaft.
Bunker Adjustment Factor (BAF):The Bunker Adjustment Factor, or BAF, as it is more commonly known, is one of the charges levied on goods transported via Sea Freight. This particular charge represents the fluctuating costs to the shipping, as an example varying global oil prices.
Bunker Adjustment Factor:A charge sometimes added to steamship freight rates; justified by higher fuel costs. Also known as Fuel Adjustment Factor (FAF) or Bunker Charge or Bunker Surcharge.
Bunker Charge:Bunker Adjustment factor (BAF), or Bunker Surcharge (BSC) are surcharges assessed by the carrier to freight rates to reflect current cost of bunker.
Bunker Charge:An extra charge (surcharge) sometimes added to steamship freight rates; justified by higher fuel costs. (Also known as Bunker Adjustment Factor or BAF.)
Bunker Surcharge (BAF, BSC):Bunker Adjustment Factor (BAF), or Bunker Surcharge (BSC) are surcharges assessed by the carrier to freight rates to reflect current cost of bunker.
bunkers - A ship's fuel.
Bunkers:A Maritime term referring to Fuel used aboard the ship. Coal stowage areas aboard a vessel in the past were in bins or bunkers.
BUNKERS:Fuel consumed by the engines of a ship; compartments or tanks in a ship for fuel storage.
Bunkers:Heavy oil used as fuel for ocean vessels.
BUOY:A floating object employed as an aid to mariners to mark the navigable limits of channels, their fairways, sunken dangers, isolated rocks, telegraph cables, and the like; floating devices fixed in place at sea, lake or river as reference points for navigation or for other purposes.
Buoys: Floats that warn of hazards such as rocks or shallow ground, to help ships maneuver through unfamiliar harbors.
Bureau of International Expositions - "The Bureau of International Expositions, BIE, is an international organization established by the Paris Convention of 1928 to regulate the conduct and scheduling of international expositions in which foreign nations are officially invited to participate. "
The above details describes about terms called in shipping such as Bulk cargo , Brokerage,Bulk Carriers,Bulk Freight,BULK,BUOY,Bunkers,Bunkers,Bunker Charge,Bulkhead etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in shipping business below this post.Terms used in banking business such as Support Level,Syndicate,Take-out Merger,Systematic Risk etc
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