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

Buffer stocks

Commodity stockpiles managed in such a way as to moderate price fluctuations. Goods may be sold from a stockpile when prices reach or approach predetermined ceiling prices, and they may be purchased for the stockpile when prices reach or approach…

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Build-Operate-Transfer (BOT)

The construction and the operation of a manufacturing or services facility in a foreign country for a set period of time after it is handed over to a local government authority for a nominal fee. BOT is usually used as…

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Bulk cargo

Cargo that consist entirely of one commodity and is usually shipped without packaging. Examples of bulk cargo are grain, coal, and oil.

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Bulk carrier

A vessel specifically designed to transport bulk cargo. There are two types of bulk carriers: those designed to transport dry bulk cargo such as grain or coal, and those designed to transport liquid bulk cargo such as oil.

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