SHIPPING lexicon

Facilitation Committee of the IMO.

Free of Capture & Seizure. Clause excluding war risks from the Marine Policy. War risks can be covered by issuing a separate War Policy with an additional premium being charged.

Full container load (full container service)

Free in: Abbreviation: F.I. Condition indicating that the charterer of a vessel is responsible for the cost of loading goods onto the vessel.

Full Interest Admitted as between insurer and insured (honor policy).

Free out: Abbreviation: F.O. Condition indicating that the charterer of a vessel is responsible for the cost of unloading goods from the vessel.

Free of Claim for Accident Reported.

Free of Damage Absolutely.

Free on Rail.

Free on Train or Truck.

Free of Particular Average.

Free of Particular Average, American Conditions: Abbreviation: FPAAC. Average clause which limits recovery of partial losses to those caused by fire, stranding, sinking or collision.

Free of Particular Average Absolutely.

Free of Particular Average, English Conditions: Abbreviation: FPAEC. Same as FPAAC except that the partial losses referred to are recoverable if the vessel has stranded, sunk, burned, been on fire or in a collision, regardless of whether such losses were actually caused by any of these perils.

Free of Particular Average Unless Caused by (stranding, etc.).

Full Premium If Lost (used in connection with time risks for periods of less than twelve months, the balance of a year's premium being claimable by insurers before paying a total loss).

Fresh Water Damage.

Navigable channel for vessels, often the regular or prescribed track a vessel will follow in order to avoid dangerous circumstances such as shallow waters.

Freight All Kinds: Abbreviation: FAK. Tariff structure which is applied irrespective of the commodity.

Incoterm for "Free Alongside Ship".

Transport of clothing and/or accessories including shoes, belts and handbags in dedicated means of transport.

Incoterm for "Free Carrier".

Fully Cellular Containership: Abbreviation: FCC. Vessel specially designed to carry containers, with cell-guides under deck and necessary fittings and equipment on deck.

Foreign Credit Insurance Association.

Full Container Load: Abbreviation: FCL. 1. A container stuffed or stripped under risk and for account of the shipper and/or the consignee. 2. A general reference for identifying container loads of cargo loaded and/or discharged at merchants' premises.

Full container service from door to door

Consignments in one container from a sender for several recipients

FIATA Forwarder's Certificate of Receipt. An official document which proves that the freight has been received by the forwarder.

Vessel used for local or coastal transport to and from ports not scheduled by the main (ocean) vessel.

Appliance made of rubber, timber and/or rope or other materials normally attached to a dock or quay used to prevent damage to the hull of a vessel especially during mooring and un-mooring operations.

Forty-foot Equivalent Unit: Abbreviation: FEU. Unit of measurement equivalent to one forty-feet shipping container.

Fourty foot equivalent unit (40 foot container unit)

First in/First out: Abbreviation: FIFO. Method whereby the goods which have been longest in stock (first in) are used, delivered (sold) and/or consumed first (first out).

Free in Liner out: Abbreviation: FILO. Condition denoting that the freight rate is inclusive of the sea carriage and the cost of discharging, the latter as per the custom of the port. It excludes the cost of loading and, if appropriate, stowage and lashing.

Free in and out: Abbreviation: FIO. Condition denoting that the freight rate excludes the costs of loading and discharging and, if appropriate, stowage and lashing.

Carrier that actually performs the first part of the air transport (air cargo).

Abbreviation: FIFO. Method whereby the goods which have been longest in stock (first in) are used, delivered (sold) and/or consumed first (first out).

Collective term which depicts the five areas of "rights" for the air transportation of passengers or cargo, viz. (expressed in terms of an airline of country A):

Freedom 1: The right to fly over a foreign country.

Freedom 2: The right to make a technical stop at a country C en route from country A to B.

Freedom 3: The right to set down (off loading) passengers or cargo in a country B from home country A.

Freedom 4: The right to pick up (loading) passengers/cargo from a country B to home country A.

Freedom 5: The right to carry passengers or cargo between two foreign countries.

Indication of the country in which a means of transport is registered through a reference to the ensign of this country.

Capable of being set on fire under given circumstances (Amendment 25 IMO DGS).

Lowest temperature at which a good produces enough vapor to form a flammable mixture with air.

Flat-Rack Container: Container with two end walls, open sides and no roof.

Garments packed in cardboard boxes.

Wheeled trailer or a semi-trailer with a flat cargo carrying surface or deck and without any superstructure.

Container with two end walls, open sides and no roof.

Any group of means of transport acting together or under one control.

Combination of two letters, indicating the airline, and digits indicating the number of the voyage.

Crane mounted on a barge or pontoon, which can be towed or is self propelled.

Floating structure which can be partially submerged to enable vessels to enter and to leave and which can be raised for use as a dry dock.

Open Insurance Policy: Marine insurance policy that applies to all shipments made by an exporter over a period of time rather than to one shipment only.

Pipeline Inventory: Amount of goods in a pipeline: the sum of loading stock, goods in transit and receiving stock.

Diagram, using symbols and depicting the sequence of events that should take place in a complex set of tasks.

Term often used to describe a specific production control system.

Direction of flow in which, e.g., pallets have been positioned and stowed.

Flow of materials and components which goes to and through the factory for the production process.

Federal Maritime Commission (Control of shipping acts USA).

Forecastle: Abbreviation: Fo'c's'le. Forward part of a vessel where stores, ropes and anchor chains are located.

Incoterm for "Free on Board".

(Free on board vessel.) Seller owns goods until they are loaded on vessel; selling price includes all costs so far plus cost of loading on vessel.

Free on Rail: Former Incoterm, today replaced by Free Carrier (FCA).

Title of a standard clause in marine contracts exempting the parties for non-fulfillment of their obligations as a result of conditions beyond their control, such as earthquakes, floods, or war.

Stowage from the bow to the stern (lengthwise), as opposed to stowage athwartships.

1. An estimation or calculation in advance; a prediction. 2. The amount of cargo expected to be booked for a specific flight or vessel. 3. The number of containers expected to be used in a certain area.

Abbreviation: Fo'c's'le. Forward part of a vessel where stores, ropes and anchor chains are located.

Currency or credit instruments of a foreign country. Also, transactions involving purchase and/or sale of currencies.

Free Trade Zone: Abbreviation: FTZ. Port designated by the government of a country for duty-free entry of any non-prohibited goods. Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and re-exported without duties being paid. Duties are imposed on the merchandise (or items manufactured from the merchandise) only when the goods pass from the zone into an area of the country subject to the Customs Authority.

Fork Pockets: Openings or recesses in a side of a container for the entry of the forks of a fork lift truck.

Three- or four-wheeled mechanical truck with forks at the front designed for lifting, carrying and stacking cargo.

Openings or recesses in a side of a container for the entry of the forks of a fork lift truck.

Abbreviation: FEU. Unit of measurement equivalent to one forty-feet shipping container.

At, near or towards the bow or front of a vessel or an aircraft.

Party arranging the carriage of goods including connected services and/or associated formalities on behalf of the cargo principal according to their shipping instructions.

Shipping Instructions: Instructions from either the seller/shipper or the buyer/consignee to a freight forwarder, carrier or their agent, or other provider of a service, enabling the movement of goods and associated activities. The following functions can be covered: movement and handling of goods (shipping, forwarding and stowage), customs formalities, distribution of documents, allocation of documents (freight and charges for the connected operations), special instructions (insurance, dangerous goods, goods release, additional documents required).

Free on Truck: Former Incoterm, today replaced by Free Carrier (FCA).

Receipt for goods issued by a carrier with an indication that the goods were damaged when received.

Pallet of which the frame permits the entry of forks of e.g. a fork lift truck, on all four sides.

Easily breakable. Term denoting that goods should be handled with care.

Unit of value in which the limitation of the carrier's liability is sometimes expressed. One franc poincaré consists of 65.5 milligrams of gold with a fineness of nine hundred thousands.

Amount which, in case of damage, will have to be borne by the insured.

The crime of getting money or other benefits by deceit or trickery.

Free Trade Zone: Abbreviation: FTZ. Port designated by the government of a country for duty-free entry of any non-prohibited goods. Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and re-exported without duties being paid. Duties are imposed on the merchandise (or items manufactured from the merchandise) only when the goods pass from the zone into an area of the country subject to the Customs Authority.

Abbreviation: FAS. Incoterm

Abbreviation: FCA. Incoterm

Delivered at a certain destination without payment of certain duties or incurred costs.

Abbreviation: F.I. Condition indicating that the charterer of a vessel is responsible for the cost of loading goods onto the vessel.

Abbreviation: FIO. Condition denoting that the freight rate excludes the costs of loading and discharging and, if appropriate, stowage and lashing.

Abbreviation: FILO. Condition denoting that the freight rate is inclusive of the sea carriage and the cost of discharging, the latter as per the custom of the port. It excludes the cost of loading and, if appropriate, stowage and lashing.

Abbreviation: FPAAC. Average clause which limits recovery of partial losses to those caused by fire, stranding, sinking or collision.

Abbreviation: FPAEC. Same as FPAAC except that the partial losses referred to are recoverable if the vessel has stranded, sunk, burned, been on fire or in a collision, regardless of whether such losses were actually caused by any of these perils.

Abbreviation: FOB. Incoterm

Former Incoterm, today replaced by Free Carrier (FCA).

Former Incoterm, today replaced by Free Carrier (FCA).

Abbreviation: F.O. Condition indicating that the charterer of a vessel is responsible for the cost of unloading goods from the vessel.

International port or an area within an international port at which crew, passengers, baggage, cargo, mail and stores may be disembarked or unloaded, may remain and may be transshipped, without being subjected to any customs charges or duties. (Examination is possible, e.g. to meet security or narcotics control requirements.)

Permission granted by local medical authorities, denoting that the vessel has a clean Bill of Health so that people may embark and disembark.

Abbreviation: FTZ. Port designated by the government of a country for duty-free entry of any non-prohibited goods. Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and re-exported without duties being paid. Duties are imposed on the merchandise (or items manufactured from the merchandise) only when the goods pass from the zone into an area of the country subject to the Customs Authority.

Vertical distance from the main deck to the surface of the water measured at the middle of the vessel's length.

Costs charged by the carrier for transporting goods.

Abbreviation: FAK. Tariff structure which is applied irrespective of the commodity.

Freight and charges are paid by the consignee.

Costs incurred by the merchant in moving goods, by whatever means, from one place to another under the terms of the contract of carriage.

Forwarder: Party arranging the carriage of goods including connected services and/or associated formalities on behalf of the cargo principal according to their shipping instructions.

Itemized list of costs for freight charges and services rendered.

Freight Manifest

Freight and charges to be paid by the shipper.

Unit for calculating freight amount according to weight and/or cubic measurement.

Synonyms: Revenue Ton, Bill of Lading Ton

Index of average amount of freight carried per kilometer flown.

Index of the weight of cargo flown on board the aircraft.

Full Truck Load: Abbreviation: FTL. Indication for a truck transporting cargo directly from supplier to receiver.

Free Trade Zone: Abbreviation: FTZ. Port designated by the government of a country for duty-free entry of any non-prohibited goods. Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and re-exported without duties being paid. Duties are imposed on the merchandise (or items manufactured from the merchandise) only when the goods pass from the zone into an area of the country subject to the Customs Authority.

Abbreviation: FCL. 1. A container stuffed or stripped under risk and for account of the shipper and/or the consignee. 2. A general reference for identifying container loads of cargo loaded and/or discharged at merchants' premises.

Abbreviation: FTL. Indication for a truck transporting cargo directly from supplier to receiver.

Abbreviation: FVD. Notation on an Air Waybill which indicates that a specific value has been declared to the carrier for carriage of the merchandise.

Abbreviation: FCC. Vessel specially designed to carry containers, with cell-guides under deck and necessary fittings and equipment on deck.

Full Value Declared: Abbreviation: FVD. Notation on an Air Waybill which indicates that a specific value has been declared to the carrier for carriage of the merchandise.