A B C D E F G H I J K L M N O P Q R S T U V W

Back letter

A complement to a contract laying down rights and/or obligations that for whatever reasons the contracting parties cannot state in the original contract. A letter of indemnity provided by a shipper to a carrier, inducing the carrier to provide a…

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Backhauling

The process of a transportation vehicle returning from the original destination point to the point of origin. The backhaul can be with a full, partial, or empty load. An empty backhaul is called deadheading.

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BAF

The Bunker Adjustment Factor is an additional charge added to the base rate ocean freight cost reflecting the cost of fuel (called bunkers)to be used for the voyage. This charge is separated from the base rate freight cost because fuel…

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Bale

A shaped packing unit tied or bound under tension.

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