行業知識

B/L Abbreviation for "Bill of Lading."

 

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

 

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

 

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

 

BCO 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.

 

Beneficiary -Entity to whom money is payable. -The entity for whom a letter of credit is issued. -The seller and the drawer of a draft.

 

Beyond Used with reference to charges assessed for cargo movement past a line-haul terminating point.

 

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.

 

B/L Terms & Conditions: the fine print on B/L; defines what the carrier can and cannot do, including the carrier's liabilities and contractual agreements.

 

B/L's Status: represents whether the bill of lading has been input, rated, reconciled, printed, or released to the customer.

 

B/L's Type: refers to the type of B/L being issued. Some examples are: a Memo (ME), Original (OBL), Non–negotiable, Corrected (CBL) or Amended (AM) B/L.

 

Canceled B/L: B/L status; used to cancel a processed B/L; usually per shipper's request; different from voided B/L.

 

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.

 

Combined B/L: B/L that covers cargo moving over various transports.

 

Consolidated B/L: B/L combined or consolidated from two or more B/L's.

 

Corrected B/L: B/L requiring any update which results in money -or other financially related changes.

 

Domestic B/L: Non-negotiable B/L primarily containing routing details; usually used by truckers and freight forwarders.

 

Duplicate B/L: Another original Bill of Lading set if first set is lost. Also known as reissued B/L.

 

Express B/L: Non-negotiable B/L where there are no paper copies printed of originals.

 

Freight B/L: A contract of carriage between a shipper and forwarder (who is usually a NVOCC); a non-negotiable document.

 

Government B/L (GBL): A bill of lading issued by the U.S. government.

 

House B/L: B/L issued by a freight forwarder or consolidator covering a single shipment containing the names, addresses and specific description of the goods shipped.

 

Intermodal B/L: B/L covering cargo moving via multimodal means. Also known as Combined Transport B/L, or Multimodal B/L.

 

Long Form B/L: B/L form with all Terms & Conditions written on it.Most B/L's are short form which incorporate the long form clauses by reference.

 

Memo B/L: Unfreighted B/L with no charges listed.

 

B/L Numbers: U.S. Customs' standardized B/L numbering format to facilitate electronic communications and to make each B/L number unique.

 

Negotiable B/L: The B/L is a title document to the goods, issued "to the order of" a party, usually the shipper, whose endorsement is required to effect is negotiation. Thus, a shipper's order (negotiable) B/L can be bought, sold, or traded while goods are in transit and is commonly used for letter-of-credit transactions. The buyer must submit the original B/L to the carrier in order to take possession of the goods.

 

Non-Negotiable B/L: See Straight B/L. Sometimes means a file copy of a B/L.

 

"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.

 

Optional Discharge B/L: B/L covering cargo with more than one discharge point option possibility.

 

Original B/L: The part of the B/L set that has value, especially when negotiable; rest of set are only informational file copies. Abbreviated as OBL.

 

Received for Shipment B/L: Validated at time cargo is received by ocean carrier to commence movement but before being validated as "Onboard".

 

Reconciled B/L: B/L set which has completed a prescribed number of edits between the shipper's instructions and the actual shipment received. This produces a very accurate B/L.

 

Short Term B/L: Opposite of Long Form B/L, a B/L without the Terms & Conditions written on it. Also known as a Short Form B/L. The terms are incorporated by reference to the long form B/L.

 

Split B/L: One of two or more B/L's which have been split from a single B/L.

 

Straight (Consignment) B/L: Indicates the shipper will deliver the goods to the consignee. It does not convey title (non-negotiable). Most often used when the goods have been pre-paid.

 

"To Order" B/L: See Negotiable B/L.

 

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.

 

Bill of Lading Port of Discharge Port where cargo is discharged from means of transport.

 

Blocking or Bracing Wood or metal supports to keep shipments in place to prevent cargo shifting.See also Dunnage.

 

Bonded Warehouse A warehouse authorized by Customs authorities for storage of goods on which payment of duties is deferred until the goods are removed.

 

Booking Arrangements with a carrier for the acceptance and carriage of freight; i.e., a space reservation.

 

Booking Number Reservation number used to secure equipment and act as a control number prior to completion of a B/L.

 

Break Bulk -To unload and distribute a portion or all of the contents of a rail car, container, trailer, or ship. -Loose, non-containerized mark and count cargo. -Packaged cargo that is not containerized.

 

Bunker Charge An extra charge sometimes added to steamship freight rates; justified by higher fuel costs. Also known as Fuel Adjustment Factor or FAF.

 

Bunkers A maritime term referring to fuel used aboard the ship. In the past, fuel coal stowage areas aboard a vessel were in bins or bunkers.