Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace

duties is deferred until the goods are cleared and

removed.

Breakbulk cargo: Loose cargo that is loaded directly into

a conveyance’s hold.

Bretton Woods Conference: A meeting under the aus-

pices of the United Nations at Bretton Woods, New

Hampshire, in 1944, that was held to develop some de-

gree of cooperation in matters of international trade and

payments and to devise a satisfactory international mon-

etary system to be in operation after World War II. The

particular objectives intended were stable exchange rates

and convertibility of currencies for the development of

multilateral trade. The Bretton Woods Conference estab-

lished the International Monetary Fund and the World

Bank.

Bunker Adjustment Fee (BAF): Fuel surcharge issued by a

steamship line. ...