Acronyms




f

F.&.D.

Freight and demurrage.

F.C.L.

Full container load, full car load.

F.c.s.

Free of capture and seizure.

f.c.s.r.c.c.

Free of capture, seizure, riots and civil commotions.

F.i.b.

Free in bunkers; free into barge.

F.o.d.

Free of damage

F.P.A.

Free of Particular Average (Marine Insurance Term). A term used in marine insurance policies to indicate that while the underwriter is unwilling to assume liability for ordinary partial losses due to the peculiar qualities of the particular article or to its form of package, he is willing to bear partial losses, the direct result of stranding, sinking, burning, collision, or other named peril

F.P.A.A.C. F.p.a. (A.C.)

Free of Particular Average, American Conditions- (Marine Insurance Term). The American form of clause commonly used, as distinguished from that used by the English underwriters. Under the American clause the underwriter does not assume responsibility for partial losses unless caused by stranding, sinking, burning or collision with another vessel whereas under the English clause, the underwriter assumes responsibility for partial losses if the vessel be stranded, sunk, burnt or in collision even though such an event did not actually cause the damage suffered by the goods. Conditions (See F.P.A.A.C.).

FAK

Freight All Kinds - uniform airline charging scale applying to a number of commodities; as opposed to SCR (Specific Commodity Rate) applying to one commodity only

FAS (free alongside ship)

Seller is responsible for inland freight costs until goods are located alongside the vessel/aircraft for loading. Buyer is responsible for loading costs, ocean /air freight and marine/air insurance.

Fathom

(Nautical) Conversion equivalents: 6 feet; 1.83 meters.

FBY

Free buyers yard: As FOT but also includes delivery to buyers premises.

FCA

Free Carrier - One of the thirteen Incoterms and one of three 'F' terms.

This is the main term for handing over goods for carriage and can be used irrespective of the mode of transport.
The seller fulfills his obligation to deliver when he has handed over the goods, cleared for export, into the charge of the carrier named by the buyer at the named point. If no point has been indicated the seller may choose within the range stipulated where the carrier should take charge of the goods.

FEU

Forty foot equivalent

FIATA

International Federation of Freight Forwarders Associations.

Fifth Freedom Flight

Where cargo is carried by an airline between two countries in neither of which it is based.

FILO

Free in, liner out: Seafreight which the shipper pays load costs and the carrier pays discharge costs.

FIO

Free in and out: Freight booked FIO includes the seafreight, but not loading and discharging costs.

FIOS

Free in and out and stowed: As FIO but includes stowage costs.

FIOT

Free in and out and trimmed: As above but includes trimming, e.g. the levelling out of bulk cargoes.

First of Exchange

First or principal copy of a bill of exchange to be presented and honoured the other copies then being automatically cancelled.

FIT

eration of International Traders

Flag Carrier

An airline of one national registry whose government gives it partial or total monopoly over international routes.

Flat

This is a piece of equipment equivalent to the bottom of a container without sides. Often used for stacking parcels of sawn timber and bags of cocoa. Otherwise known as a pontoon or bolster.

FOB (free on board)

Seller is responsible for inland freight and all other costs until the cargo has been loaded on the vessel/aircraft. Buyer is responsible for ocean/air freight and marine/air insurance.

Folded

An article folded in such a manner as to reduce its bulk 33 1/3% from its normal shipping cubage when not folded.

Force Majeure

The title of a standard clause found in marine contracts exempting the parties for nonfulfillment of their obligations by reasons of occurrences beyond their control, such as earthquakes, floods or war

Foreign Bill

A bill of exchange drawn on an acceptor overseas.

Foreign Trade Zone

A free port in the United Stated divorced from Customs authority but under Federal control. Merchandise, except that which is prohibited, may be stored in the zone without being subjected to the United States tariff regulation. Also called Free Trade Zone.

Foreign Trade Zone Entry

A form declaring goods which are brought duty free into a Foreign Trade Zone for further processing or storage and subsequent exportation.

Forwarder, Freight Forwarder, Foreign Freight Forwarder

An independent business that dispatches shipments for exporters for a fee. The firm may ship by land, air, or sea, or it may specialize. Usually it handles all the services connected with an export shipment; preparation of documents, booking cargo space, warehouse, pier delivery and export clearance. The firm may also handle banking and insurance services on behalf of a client. The U.S. forwarder is licensed by the Federal Maritime Commission for ocean shipments.

FOT

Free on truck: Includes all loading, discharging and seafreight costs. Also includes costs of placing goods onto trucks at the quay.

Foul Bill of Landing

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

FRA

Forward Rate Agreement

Free Alongside

Quoted price includes the cost of delivering the goods alongside a designated vessel.

Free discharge

Free out: Includes loading costs and seafreight only.

Free In (F.I.)

Cost of loading a vessel is borne by the charterer.

Free In and Out (F.I.O.)

Cost of loading and unloading a vessel is borne by the charterer.

Free of Capture and Seizure (F.C.& S.)

An insurance clause providing that loss is not insured if due to capture, seizure, confiscation and like actions, whether legal or not , or from such acts as piracy, civil war, rebellion and civil strife

Free of Particular Average (F.P.A.)

A marine insurance clause providing that partial loss or damage is not insured American conditions (F.P.A.A.C.). Partial loss is not insured unless caused by the vessel being sunk, stranded, burned, on fire, or in collision. English conditions (F.P. A.E.C.). Partial loss not insured unless a result of the vessel being sunk, stranded, burned, on fire, or in collision.

Free Out (F.O.)

Cost of unloading a vessel is borne by the charterer.

Free Port

A port which is a foreign trade zone, open to all traders on equal terms; more specifically a port where merchandise may be stored duty-free, pending re-export or sale within that country.

Free Trade Zone

A 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, 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.

Freight Account

The debit note received from the shipowner for freight due on goods shipped

Freight Collect Forward

Payable by consignee

Freight Forwarder

An individual or company , acting on the behalf of a shipper, who arranges all necessary details of shipping and documentation for a manufacturer or exporter, which includes employing the services of a carrier of carriers.

Freight Release

Shipowner's authorisation to captain to give delivery of goods, freight having been paid on them

FTA

Freight Transport Association or Free Trade Agreements

FTL

Full Trailer Load

NEWS
new perishables hub for latam's brazil ops latam cargo group has opened a perishables hub in guarulhos, brazil. eight new destinations for qatar in 2020 qatar airways has announced a raft of new destinations that will result in major network expansion for the carrier over the next 12 months. etihad brings in new cold chain partnerships etihad cargo has announced an extension of its cold chain global business partnerships by joining the exclusive cool chain association as well as pharma.aero. qatar launches osaka 777 freighter service qatar airways cargo has expanded of its cargo network in asia pacific with the launch of a twice weekly boeing 777 freighter service to osaka, japan effective 14th january 2020. airports call for ambitious reform of outdated eu slot allocation regime aci europe has set out its recommendations for a comprehensive overhaul of the eu airport slot regulation – calling for vital and overdue change in the way airport slot allocation is governed. sats wins riyadh cargo terminal concession sats ltd (sats), asia’s leading provider of food solutions and gateway services, has announced that its subsidiary, sats saudi arabia company, has won a 25-year cargo terminal concession in king khalid international airport (kkia) in riyadh, saudi arabia. explosives detector approved by us authorities an explosive detection system that can scan up to 2,500 parcels an hour has become the first of its kind to be approved by the us transportation security administration. saudia launches ground handling and logistics arm saudia launches ground handling and logistics arm airfreight slump lingers on airfreight demand declined 1.1% in november 2019, compared to the same period in 2018, according to figures released by the international air transport association (iata). swissport awarded five-year cargo contract with lufthansa group at brussels and liège airports swissport and lufthansa signed a 5-year contract for cargo handling at brussels and liège airports. the agreement covers brussels airlines, lufthansa and austrian airlines. british airways suspends dog travel via the cargo hold amid investigation british airways has temporarily suspended the transportation of dogs in the cargo hold of its aircraft. lashings - european shortsea and feeder lines challenge legality of dockers' clause extension european shortsea and feeder ship operators are challenging efforts by the international transport workers’ federation (itf) to redefine container lashing as a cargo handling activity in order to bring it under the control of unionised dockers kenya airways and tal aviation embark on new ventures kenya airways and tal aviation cargo divisions have signed an agreement, making it the first time tal aviation will be providing cargo and logistics services for the airline. new automatic spot rate system for lufthansa lufthansa cargo is expanding its digital sales channels with spot prices automatically generated in real time via the rapid rate response (rrr) mechanism and are displayed as directly bookable offers. delta welcomes cargo potential of new york-jfk – mumbai service delta air lines has started its first flight between new york jfk and mumbai. the service from new york jfk will be the only nonstop flight between the two cities. cosco terminals go live with n4 cosco subsidiary lianyungang new oriental international terminals has gone live with navis' n4 system, as part of cosco's larger globalisation strategy with the terminals it operates. kerry deepens mid east presence with bahrain and dubai kerry logistics is deepening its presence in the middle east by setting up a new office in bahrain and opening a new bonded logistics facility in dubai. raya airways implements cargo flash system it and business solution provider cargo flash has successfully implemented its next generation systems in a record time of just 2 months for raya airways which is a cargo airline having its head office in malaysia. delta set for first jfk-mumbai service delta air lines is gearing up to launch its first service between new york-jfk and mumbai, which will be the only nonstop flight between the two cities. delta set for first jfk-mumbai service delta air lines is gearing up to launch its first service between new york-jfk and mumbai, which will be the only nonstop flight between the two cities.