Facilitation Committee of the IMO.
F.C. & S.
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.
→ Free in
Full Interest Admitted as between insurer and insured (honor policy).
→ Free out
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, English Conditions → Free of Particular Average, American Conditions
→ Free of Particular Average, American Conditions
Free of Particular Average Absolutely.
→ Free of Particular Average, English Conditions
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
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
Foreign Credit Insurance Association.
→ Full Container Load
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
→ First in/First out
→ Free in Liner out
→ Free in and out
Carrier that actually performs the first part of the air transport (air cargo).
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).
Five Freedoms (Air)
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.
→ Eight Freedoms (Air)
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).
→ Flash Point
Lowest temperature at which a good produces enough vapor to form a flammable mixture with air.
→ Flat-Rack Container >Flat-Bed Trailer
Wheeled trailer or a semi-trailer with a flat cargo carrying surface or deck and without any superstructure.
Garments packed in cardboard boxes.
Container with two end walls, open sides and no roof.
Synonym: → Flat
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.
Synonym: → Line Number
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
→ Pipeline Inventory
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
Flow of materials and components which goes to and through the factory for the production process.
→ Procurement Logistics
Federal Maritime Commission (Control of shipping acts USA).
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
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.
Synonym: → Act of God
Fore and Aft Stowage
Stowage from the bow to the stern (lengthwise), as opposed to stowage athwartships.
- 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.
Foreign Trade Zone
→ Free Trade Zone
Fork Lift Pockets
→ Fork Pockets
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.
Synonym: → Fork Lift Pockets
Forty-foot Equivalent Unit
Abbreviation: FEU. Unit of measurement equivalent to one forty-feet shipping container.
→ Twenty-Foot Equivalent Unit
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.
Synonym: → Freight Forwarder
→ Shipping Instructions
→ Free on Truck
Foul Bill of Lading
Receipt for goods issued by a carrier with an indication that the goods were damaged when received.
→ Clean Bill of Lading → Letter of Indemnity
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
Free Alongside Ship (… Named Port of Shipment)
Abbreviation: FAS. Incoterm
Free Carrier (... Named Place)
Abbreviation: FCA. Incoterm
Free House Uncleared
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.
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.
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 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, 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 on Board (… Named Port of Shipment)
Abbreviation: FOB. Incoterm
Free on Rail
Former Incoterm, today replaced by Free Carrier (FCA).
→ Free Carrier
Free on Truck
Former Incoterm, today replaced by Free Carrier (FCA).
→ Free Carrier
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.
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.
Freeboard of a Vessel
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.
Freight All Kinds
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.
Itemized list of costs for freight charges and services rendered.
→ Cargo 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
Freight Ton Kilometers
Index of average amount of freight carried per kilometer flown.
Freight Tons Carried
Index of the weight of cargo flown on board the aircraft.
→ Full Truck Load
→ Free Trade Zone
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.
→ Less than Container Load (LCL)
Full Truck Load
Abbreviation: FTL. Indication for a truck transporting cargo directly from supplier to receiver.
→ Less than Truck Load (LTL)
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.
Fully Cellular Containership
Abbreviation: FCC. Vessel specially designed to carry containers, with cell-guides under deck and necessary fittings and equipment on deck.
→ Full Value Declared