BSD license questions

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I have a general question about BSD licenses for statically compiled libraries.

The BSD license states, among other things,

{{{ Redistribution and use in source and binary forms, with or without modification, are permitted provided that the following conditions are met:

...

• Redistribution's in binary form must reproduce the above copyright notice, this list of conditions and the following disclaimer in the documentation and/or other materials provided with the distribution. }}}

Is shipping an executable that statically links portions of a BSD library "redistribution"? Does the BSD license agreement need to incorporated in that case?

The above clause is meant to apply to the library. However, when using statically linked libraries, they become incorporated into a larger binary, which is usually not redistributable.

How are these cases usually interpreted?