| |
|
| B/B |
Break-Bulk Cargo |
| BAA |
British Airports Authority |
| BACA |
Baltic Air Charter Association |
| 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. |
| 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. |
| 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 |
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. |
| 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. |
| Bonded
Warehouse |
A warehouse storage area or manufacturing
facility in which imported goods may be stored or processed
without payment of customs duties. |
Brussels
Tariff
Nonemclature 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. |
