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Acronyms




b

B/B

(See Break-Bulk Cargo)

B/D

Banker's Draft

B/E

Bill of Exchange

B/S

Bill of Sale

BAA

British Airports Authority

BACA

Baltic Air Charter Association

BACS

Banker's Automated Clearingwee System

BAF

Bunker adjustment factor: A fuel surcharge expressed as a percentage added or subtracted from the freight rate reflecting the movement in the market price for bunkers.

Balance of Trade

The difference bet n 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. Ballast: Heavy weight, often sea water, necessary for the stability and safety of a ship at sea.

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.

BCN

Banker's Cover Note

BEA

British Exporters Association

Beam

The maximum breadth of a ship

Belly Cargo

Freight accommodation below the main deck.

Beneficiary

A firm or person on whom a letter of credit has been drawn. The beneficiary is usually the seller or exporter.

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.

Berth

Place alongside a quay where a ship loads or discharges cargo.

Berth

Is the place beside a pier, quay or wharf where a vessel can be loaded or discharged.

Berth Liner Service

Is a regular scheduled steamship line with regular published schedules port of call ) from and to defined trade areas.

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.

BIFA

British International Freight Association

Bill of Entry

A shipper's detailed statement for Customs purposes of the nature and value of goods in a consignment.

Bill of Exchange (B/E)

Legally defined as "an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time, a sum certain in money to or to the order of a specified person, or to bearer". It is the most general method of obtaining payment for goods shipped abroad.

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.

Bolster

This is a piece of equipment equivalent to the bottom of a container without sides. Often used for stacking parcels of sawn timber and bags of cocoa. Otherwise known as a flat or pontoon

Bonded Warehouse

A warehouse storage area or manufacturing facility in which imported goods may be stored or processed without payment of customs duties.

BOTB

British Overseas Trade Board

Bottle screws, container shoes, twist locks, chains and chain tensioners

All pieces of lashing equipment for securing cargo (twist locks and container shoes are used only on containers, pontoons and stackmasters).

Boules

A boule is a log that has been sliced through into at least 12 pieces. The bark is left intact.

Breakbulk

Another term for general cargo, i.e. non unitised cargoes.

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.

BSC

British Shippers Council

BSI

British Standards Institution

BSS

British Standard Specification

Bunkers

Name given for vessel’s fuel and diesel oil supplies (originates from coal bunkers).

BV

Bureau Veritas

NEWS
delta punts for lug at frankfurt lug aircargo handling has added delta air lines (dl) to its customer portfolio at frankfurt international airport swiss opens cancun office swiss worldcargo has opened a station in cancun for exports, meaning all flights between zurich and cancun can now carry freight on both their inbound and outbound journeys. cargolux renews cargo iq for three years cargolux airlines international has renewed its cargo iq certification for the next three years. the cargo iq audit ensures that the company complies with cargo iq standards and contributes to the seamless transportation of air cargo in the supply chain. qatar bolsters south american freighter network qatar airways cargo has announced a major expansion of services in south america, with scheduled services to campinas, brazil (vcp), santiago, chile (scl), lima, peru (lim) and bogotá, colombia (bog) set to join the freighter network on 16 january 2020 and will be serviced by a boeing 777 freighter. ships stuck waiting for fuel at asia hub on rule-shift snarl ship owners are waiting longer and paying more to refuel at the asian hub of singapore as the industry scrambles to prepare for the implementation of new ship-fuel rules in just a few weeks. abu dhabi to be the centre of air cargo excellence abu dhabi airports and etihad cargo will enhance abu dhabi international airport, making it a state-of-the-art global air cargo centre of excellence. court rules in favour of atlas air and against union atlas air worldwide holdings has succeeded in its legal dispute with the pilot union, ordering them to negotiate a new deal. teleport signs interline deal with lufthansa cargo airasia’s cargo and logistics platform teleport has signed a direct interline agreement with lufthansa cargo. dubai air show: delivery bot impresses at cargo connect the effect of automation, artificial intelligence and digitalisation were the key topics at the cargo connect conference at dubai airshow 2019. china airlines cargo adds mumbai to network china airlines cargo added mumbai to its network on saturday 16 november, with two services a week. cargo.one bags etihad cargo in landmark deal etihad cargo has partnered with cargo.one to augment its digitalisation strategy in a landmark distribution agreement. maersk trials containerised battery maersk is set to trial a containerized 600 kwh marine battery system in december as it looks to improve vessel performance and reliability while reducing co2 emissions. apm gothenburg targets rail doubling apm terminals gothenburg plans to double the volume of containers transported by rail to and from gothenburg by 2022. japan joins virgin australia's cargo network virgin australia will add japan to its international cargo network in march with the launch of daily services between brisbane and tokyo-haneda. issa baluch inducted into tiaca hall of fame issa baluch has been inducted into the tiaca hall of fame, in recognition for his work across the air cargo industry. etihad launches "state of the art" cargo control centre etihad cargo has taken its data-driven digitalization journey another step forward with the launch of its state-of-the-art cargo control centre (ccc) at its head office in abu dhabi. schweizerzug ramps up euro network after successfully extending services in the first half of 2019 with additional connections between switzerland and belgium, schweizerzug ag is now increasing the frequency between frenkendorf and neuss and at the same time boosts niederglatt’s links to antwerp and rotterdam. egyptair cargo to use descartes vmail egyptair cargo will use descartes velocity mail (vmail) to streamline transporting air mail across its international network. aa cargo launches first phase of new end-to-end management system american airlines cargo recently launched the first phase of its single largest investment to-date with the roll out of a new cargo end-to-end management system on october 1st. wfs moves to sustainable plastics worldwide flight services (wfs) has claimed to be the first major air cargo industry company to begin converting the majority of plastic products used in its cargo handling operations over to the bionatur™ plastics line of sustainable products manufactured by m&g packaging.