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B.D.I.
Both Days Inclusive.  
B/L
Bill of Lading
Back Letter
1. Back letters are drawn up in addition to a contract in order to lay down rights and/or obligations between both contracting parties, which, for various possible reasons, cannot be included in the original contract. 2. This expression is sometimes used for letters of indemnity.  
Back Order
Customer order or commitment, which is unfilled due to insufficient stock.  
Backlog
1. The quantity of goods still to be delivered, received, produced, issued, etc., for which the planned or agreed date has expired. 2. The total number of customer orders which have been received but not yet been shipped. Open Order
BAF
Bunker Adjustment Factor
Balance of Trade
Difference between a country's total imports and exports. If exports exceed imports, a favorable balance of trade exists; if not, a trade deficit is said to exist.  
Balespace
The capacity of cargo spaces under the deck of a vessel (including hatchways but excluding void spaces behind cargo battens and beams) expressed in cubic meters or cubic feet.  
Ballast
Materials carried to improve the trim and the stability of the vessel. Vessels usually carry water in tanks as ballast. The tanks are specially designed for this purpose.  
Bank Draft
Check issued by a bank.  
Bank Guarantee
Undertaking by a bank to effect payment of a sum of money in the event of non performance by the party on whose behalf the guarantee is issued.  
Bank Release
Negotiable time draft drawn on and accepted by a bank that adds its credit to that of an importer of merchandise.  
Banker's Acceptance
"Time draft" drawn on a bank and bearing the bank's promise to pay at a future date.  
Banking System
For marine purposes the practice of always keeping more than one piece of cargo on the quay or in the vessel ready for loading or discharging in order to avoid delays and to obtain optimal use of the loading gear.  
Bar Coding
Method of encoding data for fast and accurate electronic readability. Bar codes are a series of alternating bars and spaces printed or stamped on products, labels, or other media, representing encoded information which can be read by electronic readers, used to facilitate timely and accurate input of data to a computer system.  
Bareboat Charter
Charter whereby the charterer leases the bare ship and appoints the master and crew itself.  
Barge
Flat-bottomed cargo transport vessel designed for canals, rivers and shallow waters with or without its own propulsion. Lighter
Barratry
Unlawful act or fraudulent breach of duty on the part of a master of a ship or of the mariners resulting in the injury of the owner of the ship or cargo.  
Barter
Trade in which merchandise is exchanged directly for other merchandise without use of money. Countertrade
Basic Stock
Items of an inventory intended for issue against demand during the re-supply lead time. Lead Time
Batch
Collection of products or data which is treated as one entity with respect to certain operations (e.g. processing and production).  
Batch Production
Production process where products/components are produced in batches and where each separate batch consists of a number of the same products/components.  
Bay
Vertical division of a container vessel from stem to stern, used to indicate stowage places for containers. The numbers run from stem to stern; odd numbers indicate a 20-foot position, even numbers indicate a 40-foot position. Cell Position
Bay Plan
Stowage plan which shows the locations of all the containers on the vessel.  
BC Code
Bulk Cargo CodeSegregation



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