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B |
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Shipping
Terms
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B/B |
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Break-Bulk Cargo
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| BAA |
British Airports
Authority
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| BACA |
Baltic Air Charter
Association
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| Balance
of Trade |
The difference between
a country's total imports and exports; if exports exceed imports,
favorable balance of trade exists, if not, a trade deficit is said to
exist.
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| Barter |
Trade in which
merchandise is exchanged directly for other merchandise without use of
money. Barter is an important means of trade with countries using
currency that is not readily convertible.
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| Belly
Cargo |
Freight
accommodation below the main deck.
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| Beneficiary |
A firm or person on
whom a letter of credit has been drawn. The beneficiary is usually the
seller or exporter.
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Bermuda
Agreement
|
An agreement concluded
in 1946 between the U.K. and the U.S., designed to regulate future
international air traffic. Most governments accept its principles and
follow it inter alia by limiting traffic rights on international routes
to one or two carriers.
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| Berth |
Is
the place beside a pier, quay or wharf where a vessel can be loaded or
discharged
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| Berth
Liner Service |
Is a regular scheduled
steamship line with regular published schedules (port of call ) from and
to defined trade areas
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| Berth
or Liner Terms |
Is an expression
covering assessment of ocean freight rates generally implying that
loading and discharging expenses will be for ship owner's account, and
usually apply from the end of ship's tackle in port of loading to the
end of ship's tackle in port of discharge.
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| Bill
of Lading |
A document that
establishes the terms of a contract between a shipper and a
transportation company under which freight is to be moved between
specified points for a specified charge. Usually prepared by the
shipper on forms issued by the carrier, it serves as a document of
title, contract of carriage, and a receipt for goods. Also see Air
Waybill and Ocean Bill of Lading.
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| Bonded
Warehouse |
A warehouse storage
area or manufacturing facility in which imported goods may be stored or
processed without payment of customs duties.
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Brussels
Tariff Nomenclature Number (BTN)
|
The customs tariff
number used by most European nations. The United States does not use the
BTN, but a similar system known as the Harmonize Tariff Schedule.
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