Balance of Trade
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The difference between a country's total imports and exports; if exports exceed imports, favorable balance of trade exists, if not, a trade deficit is said to exist.
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Ballast
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Heavy weight, often sea water, necessary for the stability and safety of a ship at sea.
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Barter
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Trade in which merchandise is exchanged directly for other merchandise without use of money. Barter is an important means of trade with countries using currency that is not readily convertible.
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BCN
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Banker's Cover Note
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B/D
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Banker's Draft
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B/E
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Bill of Exchange
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BEA
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British Exporters Association
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Beam
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The maximum breadth of a ship.
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Berth
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Place alongside a quay where a ship loads or discharges cargo.
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BIFA
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British International Freight Association
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Bill of Entry
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A shipper's detailed statement for Customs purposes of the nature and value of goods in a consignment.
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