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Resource Center > Shipping Glossary

Shipping Glossary
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Arbitration A procedure under which a neutral third party hears both the union’s and the employer’s side in a dispute and issues an award that is binding upon both; also, the final step of a grievance process.
Arrival notice

Advice that carrier sends to consignee advising of goods coming forward for delivery. Pertinent information such as BL number, container number and total charges due from consignee, etc are included and sent to consignee prior to vessel arrival. This is done gratuitously by carrier to ensure smooth delivery but there is no obligation by carrier to do so and the responsibility to monitor transit and present himself to take timely delivery still rest with the consignee.
Awkward cargo Cargo of irregular size that either be containerised (packed in container) or uncontainerised (without equipment associated with) in the transport. They require prior approval on case by case basis before confirmation of booking.
B/L Master A document provided by the shipper after handing over the cargo to the carrier, tells the carrier how the B/L should be raised. Also known as B/L instruction or shipping instruction.
Bank guarantee Guarantee issued by a bank to a carrier to release cargo in lieu of original bill of lading.
Bareboat Charter Party A charter party under which the shipowner provides vessel only and the charterer provides crew and cargo, normally for a period of years. Also known as demise charter.
Basic freight Ocean freight excludes all charges.
Bdl. Bundle. A kind of customary packaging unit.
Berth term Shipped under rate that does not include cost of loading or unloading carrier.
Bill of lading (B/L) Official legal document representing ownership of cargo; negotiable document to receive cargo; contract for cargo between shipper and carrier.
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