-
Balance of Payments
- The balance of payments is a statistical summary of international
transactions. These transactions are defined as the transfer of ownership of
something that has an economic value measurable in monetary terms from
residents of one country to residents of
-
Balance on
- " - Current account; - Goods, services, and income; - Investment income; -
Merchandise trade; - Services; - Unilateral transfers See: Balance of
Payments."
-
Banker's Acceptance
- "A banker's acceptance is a draft drawn on and accepted by a bank.
Depending on the bank's creditworthiness, the acceptance becomes a financial
instrument which can be discounted."
-
Banker's Bank
- A bank that is established by mutual consent by independent and
unaffiliated banks to provide a clearinghouse for financial transactions.
-
Banker's Draft
- Draft payable on demand and drawn by or on behalf of the bank itself; it
is regarded as cash and cannot be returned unpaid.
-
Bank for International
Settlements
- "BIS, established in 1930, promotes cooperation among central banks in
international financial settlements. Members include: Australia, Austria,
Belgium, Bulgaria, Canada, Czechoslovakia, Denmark, Finland, France,
Germany, Greece, Hungary, Iceland, Irela"
-
Bank Guarantee
- "An assurance, obtained from a bank by a foreign purchaser; that the bank
will pay an exporter up to a given amount for goods shipped if the foreign
purchaser defaults. (see: Letter of Credit.)"
-
Bank Release
- Negotiable time draft drawn on and accepted by a bank which adds its
credit to that of an importer of merchandise.
-
Barter
- Trade in which merchandise is exchanged directly for other merchandise or
services without use of money.
-
Basel Convention
- "The Basel Convention restricts trade in hazardous waste, some
non-hazardous wastes, solid wastes, and incinerator ash. It was adopted in
1989 by a United Nations-sponsored conference of 116 nations in Basel,
Switzerland. Twenty nations must ratify the tr"
-
Best Information
Available -
"Under GATT rules, when a respondent in an antidumping or countervailing
duty case either declines to provide information, or provides inadequate
information, the investigating authority has the right to resort to other
information, a practice known as bes"
-
Bilateral Clearing
Agreement -
A bilateral clearing agreement is a government-to-government reciprocal
trade arrangement whereby two nations agree to a trade turnover of specified
value over one or more years. The value of the products trade under the
agreement is denominated in accou
-
Bilateral Investment
Treaty - "A
bilateral investment treaty, BIT, ensures U.S. investments abroad of
national or most favored nation treatment; prohibits the imposition of
performance requirements; and allows the American investor to engage top
management in a foreign country without "
-
Bilateral Steel
Agreements -
"The U.S. negotiated ten bilateral steel agreements, BSAs, with major steel
trading partners. Under BSAs, the governments agreed to reduce or eliminate
state intervention -- that is, domestic subsidies and market barriers."
-
Bill of Lading
- "Bills of lading are contracts between the owner of the goods and the
carrier. There are two types. A straight bill of lading is nonnegotiable. A
negotiable or shipper's order bill of lading can be bought, sold, or traded
while goods are in transit and i"
-
Bonded Exchange
- Exchange which cannot be freely converted into other currencies.
-
Bond System
- "The Bond System, a part of Customs' Automated Commercial System, provides
information on bond coverage. A Customs bond is a contract between a
principal, usually an importers, and a surety which is obtained to insure
performance of an obligation imposed "
-
Bulk Cargo
- "Bulk cargo is unbound as loaded and carried aboard ship; it is without
mark or count, in a loose unpackaged form, and has homongeneous
characteristics."
-
Bureau of International
Expositions
- "The Bureau of International Expositions, BIE, is an international
organization established by the Paris Convention of 1928 to regulate the
conduct and scheduling of international expositions in which foreign nations
are officially invited to participate. "
-
Business Council for
International Understanding
- "The BCIU is an independent, non-partisan, business association which was
formed at the initiative of President Eisenhower. BCIU operates the U.S.
Ambassadorial and Senior Diplomat Industry Program in which most U.S.
Ambassadors come to BCIU after appoint"
-
Buyback
- See: Countertrade.
-
B & T cl
- Blocking & Trapping clause
-
B. or B/-
- "Bale, Bag"
-
B.B.
- "Bill Book, Below Bridges"
-
B.B.cl.
- Both to blame collision clause
-
B.C.
- Bristol Channel
-
b.d.i.
- Both dates inclusive
-
B.D.I.
- Both days inclusive
-
B.D.S.
- Broker's daily statement
-
B.H.P.
- Brake hore-power
-
b.m.
- Board measure (timber)
-
B.O.
- "Buyer's option, Branch Office"
-
B.O.T.
- Board of Trade
-
B.P.B.
- Bank Post Bill
-
B.R.
- Builders' Risks Insurance
-
B.R.C.
- "Broker Regulatory Committee (Lloyds's), Brokers Registration Council"
-
B.S.
- Boiler survey. Balance sheet
-
b.t.
- Berth terms
-
B.T.U.
- Bow Thrust Unit(s)
-
B.th.U.
- British Thermal Unit
-
B.V.
- Bureau Veritas
-
B/Ch
- Bristol Channel
-
B/D
- "Bank Draft, bar draft (grain trade)"
-
B/E
- "Bill of Exchange, Bill of Entry"
-
B/G
- Bondage goods
-
B/H
- "Bill of Health, Bordeaux to Hamburg inclusive"
-
B/L
- Bill of Landing
-
B/O
- Brought over
-
B/P
- Bills payable
-
B/R
- Bills receivable. Builders' risks. Bordeaux or Rouen (grain trade)
-
B/s
- "Bags, Bales"
-
B/S
- "Bill of Sale, Bill of Store"
-
B/St
- Bill of sight
-
BACAT
- Barge aboard catamaran
-
Bal.
- Balance
-
Bar.
- Barrel
-
bbls
- Barrels
-
Bd.
- "Bound, bond"
-
Bdls
- Bundles
-
Bds.
- Boards (timber)
-
Bg.
- Bag
-
Bg.
- Bag
-
bhp
- Brake horsepower
-
Bk.
- "Back, Backwardation, Book"
-
Bkge.
- "Breakage, brokerage"
-
Bls.
- Bales. Barrels
-
bp
- Between perpendiculars
-
Brl.
- Barrel
-
BTN
- Brussels Tariff Nomenclature
-
bu
- Bushels
-
bale (capacity)
- Total cubic capacity of a ship's hold available for carrying solid cargo.
-
ballast
- "A heavy weight, usually sea water, necessary for the stability and safety
of a ship at sea that is not carrying cargo."
-
bar
- Sand bank that forms at the mouths of rivers and that often limits the
type of ships that are able to reach up-river destinations.
-
base cargo
- Relatively heavy cargo stowed at the bottom of a hold to provide a ship
with stability when at sea or a minimum quantity of cargo required by a
shipping line for calling at a port for loading.
-
berth
- A location alongside a quay where a ship loads or discharges cargo.
-
bill of lading
- "A document issued by a shipowner to a shipper of goods. It serves as a
receipt for the goods, contract of carriage, and document of title."
-
booking
- Reservation made by a shipper or his agent with a carrier to carry certain
defined goods between locations.
-
bow
- Curved forward part of a ship.
-
bulk cargo
- Unpacked dry cargo such as grain or coal.
-
bunkers
- A ship's fuel.
-
BCIU
- Business Council for International Understanding
-
BCS
- Border Cargo Selectivity
-
BIA
- Best Information Available
-
BIE
- Bureau of International Expositions
-
BI
- Business Information Office
-
BIT(s)
- Bilateral Investment Treaty(ies)
-
B/L
- Bill of Lading
-
BOP
- Balance of Payments
-
BOT
- Balance of Trade
-
BRITE
- Basic Research in Industrial Technologies in Europe
-
BSA
- Bilateral Steel Agreement
-
BSP
- Business Sponsored or Between Show Promotion
-
BTN
- Brussels Tariff Nomenclature
| |
BluePink 
