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BAF
Abbreviation for "Bunker Adjustment Factor." Used to compensate steamship lines for fluctuating fuel costs. Sometimes called "Fuel Adjustment Factor" or FAF.
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Bank Guarantee
Guarantee issued by a bank to a carrier to be used in lieu of lost or misplaced original negotiable bill of lading.
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BB (Break Bulk)
To unload and distribute a portion or all of the contents of a rail car, container, or trailer.
Loose, non-containerized cargo.
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Bill of Lading (B/L)
A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.
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Clean B/L
A B/L which bears no superimposed clause or notation which declares a defective condition of the goods and/or the packaging.
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Combined B/L
B/L that covers cargo moving over various transports.
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Consolidated B/L
B/L combined or consolidated from two or more B/L's.
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"Onboard" B/L
B/L validated at the time of loading to transport. Onboard Air, Boxcar, Container, Rail, Truck and Vessel are the most common types.
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Unique B/L Identifier
U.S. Customs' standardization: four-alpha code unique to each carrier placed in front of nine digit B/L number; APL's unique B/L Identifier is "APLU". Sea-land uses "SEAU". These prefixes are also used as the container identification.
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Bonded Warehouse
A warehouse authorized by Customs authorities for storage of goods on which payment of duties is deferred until the goods are removed.
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Booking
Arrangements with a carrier for the acceptance and carriage of freight; i.e., a space reservation.
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Brokerage
Freight forwarder/broker compensation as specified by ocean tariff or contract.
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Bulk Cargo
Not in packages or containers; shipped loose in the hold of a ship without mark and count." Grain, coal and sulfur are usually bulk freight.
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