Glossary

To haul a shipment back over part of a route it has traveled.

Abbreviation for “Bunker Adjustment Factor.” Used to compensate steamship lines for fluctuating fuel costs. Sometimes called “Fuel Adjustment Factor” or FAF.

Light, bulky articles.

Guarantee issued by a bank to a carrier to be used in lieu of lost or misplaced original negotiable bill of lading.

An act committed by the master or mariners of a vessel, for some unlawful or fraudulent purpose, contrary to their duty to the owners, whereby the latter sustain injury. It may include negligence,…

A term of measure referring to 42 gallons of liquid at 600 degrees.

A tariff term referring to ocean rate less accessorial charges, or simply the base tariff rate.

Abbreviation for: – Ballast Bonus: Special payment above the Chartering price when the ship has to sail a long way on ballast to reach the loading port. – Bareboat: Method of chartering of…

Abbreviation for “Beneficial Cargo Owner.” Refers to the importer of record, who physically takes possession of cargo at destination and does not act as a third party in the movement of such goods.

The width of a ship.