Glossary of terms used on this site
B
| Term | Definition |
|---|---|
| Bill of Lading |
A document issued by a carrier to a shipper, signed by the captain, agent, or owner of a vessel, furnishing written evidence regarding receipt of freight, the conditions on which transportation is made and the date to deliver goods at the prescribed port of destination to the lawful holder of the bill of lading. |
| Billed Weight |
The designated weight shown on an invoice and/or waybill used to calculate freight charges. |
| Bonded Terminal |
An airline terminal that is approved by the U.S. Treasury Department for storage of goods until Customs duties are paid or the goods have been released. |
| Breakbulk |
Unpacking or disassembling a portion or all contents of a consolidated shipment for reconsignment or delivery. |
| Broker |
An individual or firm that acts as an agent for others, often between a buyer and a seller, in return for a fee or commission. |
| Bulk Cargo |
Cargo stowed loosely in the hold of a ship and is not enclosed in a shipper container or box. Examples include oil, ore, grain or coal. |