Freight All Kinds, standard rate charged per container, regardless of what commodity it is carrying.
Federal Maritime Commission (FMC)
"Regulatory agency responsible for regulating the U.S. international ocean transportation system to and from the United States, for the benefit of U.S. exporters, importers, and the U.S. consumer".
Vessel used to relay cargo from the mother Vessel to its ultimate destination or from first port of loading to mother Vessel.
Final Place of Delivery (FDP)
Delivery of the cargo by the carrier at another than the terminal, as stated on the Bill of Lading. It means the end of carrier’s liability.
Flat Rack Container (or Flat Bed Container)
Compared to fixed-end type, collapsible flat racks have end walls that fold. The flush folding collapsible flat rack, the most sophisticated of its types has end walls which fold flush with the base. Flat racks are dedicated for the carriage of heavy, bulky as well as over height and/ or over width items. They also permit the stacking of several empty containers into one 'bundle' for empty repositioning. Their base is often designed to transport heavy material. Some flats are 45T tested. The flat racks with collapsible ends also permit the transportation of over length cargo. Please click here for more information.
Forty-Foot Equivalent Units (FEU)
Refers to the standard container size of 40 feet. Two 20–foot containers or TEU’s equals to one FEU.
Free Alongside Ship (FAS)
The seller delivers when the goods are placed alongside the Vessel nominated by the buyer at the named port of shipment. The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the buyer bears all costs from that moment onwards.
Free on Board (FOB)
The seller delivers the goods on board the Vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the Vessel, and the buyer bears all costs from that moment onwards.
Period between that carrier’s equipment may be used without incurring additional charges (Detention and Demurrage).
All charges payable to the carrier in accordance with Applicable Tariff of the Bill of Lading of the carrier, including without limitation, storage, demurrage, detention and reefer services.
Carrier's invoice for payment of transport services rendered.
The freight and charges to be paid by the consignee.
Freight Forwarder (or Forwarding Agent)
An individual or organisation that specialises in organizing shipments, necessary volumes and customs facilities for other individuals or organization.
The freight and charges to be paid before loading of the goods onboard the Vessel by the shipper against remittance of the original Bill of Lading.
Fresh Air Exchange
"Introduction of fresh air into a reefer container through vents". Please click here for more information.
Full Container Load (FCL)
A container with a single shipper. A container that is loaded and unloaded entirely under the risk and account of the merchant.
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