Glossary
B
B/L(Bill of Landing)
A document issued by a carrier which serves as a receipt for the goods to be delivered to a designated person or to his order.
BAF(Bunker Adjustment factor)
A percentage of the freight added to or deducted in order to reflect the current cost of fuel.
Bonded warehouse
A warehouse authorized by Customs authorities for storage of goods on which payment of duties is deferred until the goods are removed.
