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

The lease (charter) of an entire vessel under an agreement whereby the lessor only provides the bare vessel; that is, operation of the vessel is not included in the lease, and the charterer must arrange to hire a ship´s master…

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Barrel (Bbl.)

A unit of liquid measure consisting of 158,937 liters or 42 US gallons. This is usually used for oil.

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Barter

A form of countertrade involving the direct exchange of goods and/or services for other goods and/or services, without the use of money and without the involvement of a third party. Barter is an important means of trade with countries using…

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Base port

Major ports that ship lines call on with their large (usually transoceanic) vessels. Cargo bound for ports within the base port hinterland is transshipped on feeder vessels. See also feeder vessel; hub system.

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