• B2B Fulfillment

  B2B fulfillment is the specialized process of storing and shipping goods from one business to another, typically in large volumes, often fulfilling bulk orders to retailers, wholesalers, or other business entities.

• Bill of Lading (BOL or B/L)

  A bill of lading (BOL or B/L) is issued to a shipper detailing the method and path of a shipment. It is a contract for the movement of goods, serves as a receipt for the cargo, and can act as proof of ownership of the goods being transported.

• Binding Origin Information

  Binding Origin Information (BOI) is an EU-wide system that lets you obtain a legally binding decision from an individual EU Member State on the origin of your goods. Obtaining a BOI is not mandatory.

• BTI | Binding Tariff Information

  A Binding Tariff Information (BTI) decision is a written tariff classification of your goods issued by the Taxation and Customs Union of the EU. It is generally valid for 3 years and is legally binding on all EU Customs administrations.

• Blank Sailing

  A blank sailing (a void sailing) is a sailing that has been canceled by the carrier. It could mean a vessel is skipping one port, or that the entire string is canceled.

• Blind Shipment

  A blind shipment is when the consignee involved in a shipment is unaware of who the shipper is.

• Bobtail Fee

  A bobtail fee is charged by the trucker to drop off an FCL container at the warehouse and pick it up after it has been unloaded, as opposed to a live unload. A bobtail fee is also called a drop fee.

• Bonded Goods

  Bonded goods are goods where the customs duty hasn't been paid yet, so they remain in warehouses under customs supervision until the duty is paid.

• Bonded Warehouse

  A bonded warehouse is a customs-controlled warehouse, building, or otherwise secured facility where goods for which the duty has not been paid can be stored until the duty is paid.

• Break Bulk

  Break bulk is a shipping term for cargo that does not fit in a standard shipping container or cargo bin. Break bulk cargo is instead transported individually in bags, boxes, crates, drums, or barrels.

• Bulk Cargo

  Bulk cargo is a shipping term for items that are shipped loosely and unpackaged, as opposed to being shipped in packages or containers. Examples include oil, grain, and coal.

• BAF (Bunker Adjustment Factor)

  BAF (Bunker Adjustment Factor) represents the floating price level of fuel in ocean freight shipping and is typically updated quarterly. It is charged by ocean carriers per container to protect against fuel price fluctuation and varies among trade lanes.

• Carbon Tax Surcharge

  The Carbon Tax Surcharge is a single flat fee applied to container movements at or via the ports of Prince Rupert and Vancouver. It reflects charges implemented by ocean carriers as a result of the British Columbia Carbon Tax policy.

• Cargo Insurance

  Cargo insurance is a type of insurance coverage that a cargo owner purchases to protect against loss or damage to goods being transported by land, air, or sea. It is tailored to the risks involved in transportation.

• Cargo Insurance Coverage Limits

  Cargo liability limits refer to the maximum amount of insurance coverage (i.e., the amount of money) that an insurer will provide for the loss or damage of goods being transported. These limits are typically specified in the cargo insurance policy.

• Cargo Owners Liability Coverage

  Ocean cargo owners liability coverage is a type of insurance that protects the insured from third-party claims that the insured's cargo caused property damage, personal injury or death while in transit.