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BAF - Bunker Adjustment Factor. A Fuel Surcharge expressed as percentage added or subtracted from the freight amount reflecting the movement in the market place price for bunkers.

BALLAST - Heavy weight, often sea water, necessary for the stability and safety of a ship which is not carying cargo.

BAREBOAT CHTR - Bareboat Charter - Owners lease a specific ship and control its technical management and commercial operations only.

BBB - Before Breaking Bulk

BDI - Both Dates Inclusive

BENDS - Both Ends (Load & Discharge Ports)

BI - Both Inclusive

BIMCO - The Baltic and International Maritime Council

BL (1) - Bale

BL (2) - (Bill of Lading) A document signed by the carrier which acts as a receipt and evidence of title to the cargo.

BM- Beam

BEAM - The maximum breadth of a ship

BOB - Bunker on Board

BOFFER - Best Offer

BROB - Bunkers Remaining on Board

BSS - Basis

BSS 1/1 - Basis 1 Port to 1 Port

BT - Berth Terms

BUNDLING - This is the assembly of pieces of cargo, secured into one manageable unit. This is a very flexible description, a rule of thumb is to present cargo at a size easily handled by a large (20 tonne) fork lift truck.

BUNKERS - Name given for vessels Fuel and Diesel Oil supplies (Originates from coal bunkers)

BWAD - Brackish Water Arrival Draft

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