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 |