TERMS AND DEFINITIONS

ABBREVIATION MEANING
FAC Fast as can
FAS Free Alongside Ship. Seller delivers goods to appropriate dock or terminal at port of embarkation and buyer covers costs and risks of loading
FCA Free to Carrier. A modern equivalent of FAS used in intermodal transport where goods are transferred at a nominated forwarders premises, depot or terminal but not actually on board vessel.
FD (FDIS) Free Discharge
FDD Freight Demurrage Deadfreight
FDESP Free Despatch
FDEDANRSAOCLONL Freight Deemed Earned, Discountless And Non-Returnable (Refundable) Ship And Or Cargo Lost Or Not Lost
FENDER A cushion, placed between ships, or between a ship and a pier, to prevent damage
FEU Standard 40?Container
FHEX Fridays/Holidays Excluded
FHINC Fridays/Holidays Included
FILO Free In/Liner Out. Seafreight with which the shipper pays load costs and the carrier pays for discharge costs.
FIO Free In/Out. Freight booked FIO includes the seafreight, but no loading/discharging costs, i.e. the charterer pays for cost of loading/discharging cargo.
FIOS Free In/Out Stowed. As per FIO, but excludes stowage costs.
FIOST Free In/Out and Trimmed. Charterer pays for cost of loading/discharging cargo, including stowage and trimming.
FIOT Free In/Out and Trimmed. As per FIOS but includes trimming, e.g. the levelling of bulk cargoes. FIOS includes seafreight, but excludes loading/discharging and stowage costs.
FIT Free In Trimmed
FIW Free In Wagon
FIXING Chartering a Vessel
FIXTURE Conclusion of shipbrokers negotiations to charter a ship - an agreement
FLATPACKING Cargo to be presented stacked and secured as an integral unit.
FLT Full Liner Terms
FMC Federal Maritime Commission
FME Force Majeure Excepted
FMS Fathoms
FO1 For Orders
FO2 (IFO) Fuel Oil/Intermediate FO
FO3 Free Out
FOB Free on Board. Seller sees the goods "over the ship? rail" on to the ship which is arranged and paid for by the buyer
FOFFER Firm Offer
FOG For Our Guidance
FOQ Free On Quay
FOR Free On Rail
FORCE MAJEURE Clause limiting responsibilities of the charterers, shippers and receivers of cargo.
FORE-AND-AFT In a line parallel to the keel
FORWARD Toward the bow of the ship
FOT Free On Truck
FOW1 First Open Water
FOW2 Free On Wharf
FP Free Pratique. Clearance by the Health Authorities
FR First Refusal. First attempt at best offer that can be matched
FREEBOARD The minimum vertical distance from the surface of the water to the gunwale
FRT Freight. Money payable on delivery of cargo in a mercantile condition
FREE DESPATCH If loading/discharging achieved sooner than agreed, there will be no freight money returned.
FREE EXINS Free of any Extra Insurance (Owners)
FREE OUT Free of discharge costs to owners. Includes seafreight only.
FRUSTRATION Charterers when cancelling agreement sometimes quote 'doctrine of frustration' i.e. vessel is lost, extensive delays.
FWAD Fresh Water Arrival Draft
FWDD Fresh Water Departure Draft
FYG For Your Guidance
FYI For Your Information