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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