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Glossary

Common carrier

Term of the day

A public or private entity licensed to transport goods or people nationwide for a fee. Common carriers offer their services to the general public, unlike private carriers, which only transport a specific company's goods.

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Barge

A barge is a flat-bottomed, often rectangular-shaped boat engineered for the primary purpose of transporting goods, raw materials, or specialized cargo. Unlike many other types of boats, it usually lacks...

Base rate

Base rate refers to the rate covering transportation costs only, meaning that unlike "all-in" or all-inclusive rates, any and all surcharges are excluded. ...

BCO

See Beneficial cargo owner. ...

Belly cargo

Belly cargo refers to the goods and freight transported in the underbelly of a passenger airplane, separate from the main passenger cabin. While the upper part of the plane is...

Beneficial cargo owner (BCO)

In logistics and shipping, a beneficial cargo owner (BCO) owns the actual products that are being transported. Unlike freight forwarders or brokers, they have direct relationships with shipping lines. They...

Berth

A shipping berth is a designated docking location within a port or harbor that allows cargo ships to efficiently load and unload their goods. Berths are situated along piers, wharves,...

BIG

Industry term for oversized cargo. ...

Bill of lading

A bill of lading is a legal document issued by a carrier (such as a ship's operator or a shipping line) to a shipper that details the type, quantity, and...

Bill of sale

A document that transfers ownership of an asset from one person to another. An AA bill of sale is a legal document that transfers ownership of an asset from a seller...

Biofouling

Biofouling, characterized by the buildup of microorganisms, plants, algae, or animals on wetted surfaces, significantly impacts the supply chain, especially in maritime logistics. This accumulation occurs on ships, pipelines, and...