Glossary
 
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B

• Bailment: a contract (such as a bill of lading) which allows Yellow to take possession of goods without ownership.
• Balance Due Bill: a bill rendered by the carrier for under-charges.
• Basing Rate: a rate used only for the purpose of constructing other rates.
• Bill of Lading: a commercial shipping document which serves three distinct purposes in connection with the carriage of goods. An itemized list of goods contained in a shipment. It is a receipt from Yellow for the goods, represents the contract for carriage and serves as a document of title.
• Billing Sequence for HM: the description of HM shipment on a bill of lading that requires the following information in this order; proper shipping name, hazard class, U.N. or N.A. number, packaging group, if applicable and 24-hour emergency contact telephone number.
• Straight Bill of Lading: a non-negotiable document by which a transportation company acknowledges receipt of a shipment and contracts for its movement. The surrender of the original straight bill of lading is not required by transportation lines upon delivery of the shipment, except when necessary for the purpose of indetifying the consignee.
• Order Bill of Lading: a negotiable document by which a transportation line acknowledges receipt of a shipment and contracts for its movement. The surrender of the original straight bill of lading, properly endorsed, is required by transportation lines upon delivery of the shipment, in accordance with the terms of the bill of lading.
• Blanket Bond: a bond covering a group of persons, articles or properties.
• Blanket Rate: the rate applicable from and/or to a group of points, or a special rate applicable on several different articles in a single shipment.
• Blocking or Bracing: wood or metal supports used to keep shipments in place in or on trailers.
• Bonded Warehouse: a warehouse approved by the Treasury Department, utilized for storing goods until duties are paid or goods are otherwise properly released.
• Bonded Indemnity: an agreement made with a transportation line relieving it from liability for any action on its part for which it would otherwise be liable.
• Breakbulk: a large terminal which separates composite loads into individual shipments, and the route them to different destinations. Also called break or hub or distribution center.
• Brokerage License: authority granted by the Interstate Commerce Commission to persons to engage in the business of arranging for transportation of persons or property in interstate commerce.
• Bulk Shipment: shipment not in packages or containers.
• Business Hours: 8 a.m. to 6 p.m., Monday through Friday, except holidays.