Glossary

Ex Works

Fast as can

Free Alongside Ship. Seller delivers goods to appropriate dock or terminal at port of embarkation and buyer covers costs and risks of loading

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.

Full Container Load - a container that is fully loaded by cargo, occupying all space, or loaded to the maximum permissable weight. It can contain cargo from multiple shippers, but normally is consigned to the same consignee. The shipment is expected to be delivered to the consignee with the shipper's seal intact.

Free Discharge

Freight Demurrage Deadfreight

Freight Deemed Earned, Discountless And Non-Returnable (Refundable) Ship And Or Cargo Lost Or Not Lost

Free Despatch

A cushion, placed between ships, or between a ship and a pier, to prevent damage

'Standard 40' Container, forty-foot equivalent unit, a standard size intermodal container.

Fridays/Holidays Excluded

Fridays/Holidays Included

Free In/Liner Out. Seafreight with which the shipper pays load costs and the carrier pays for discharge costs.

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.