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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 buyer’s 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
swiss opens cancun office swiss worldcargo has opened a station in cancun for exports, meaning all flights between zurich and cancun can now carry freight on both their inbound and outbound journeys. cargolux renews cargo iq for three years cargolux airlines international has renewed its cargo iq certification for the next three years. the cargo iq audit ensures that the company complies with cargo iq standards and contributes to the seamless transportation of air cargo in the supply chain. qatar bolsters south american freighter network qatar airways cargo has announced a major expansion of services in south america, with scheduled services to campinas, brazil (vcp), santiago, chile (scl), lima, peru (lim) and bogotá, colombia (bog) set to join the freighter network on 16 january 2020 and will be serviced by a boeing 777 freighter. ships stuck waiting for fuel at asia hub on rule-shift snarl ship owners are waiting longer and paying more to refuel at the asian hub of singapore as the industry scrambles to prepare for the implementation of new ship-fuel rules in just a few weeks. abu dhabi to be the centre of air cargo excellence abu dhabi airports and etihad cargo will enhance abu dhabi international airport, making it a state-of-the-art global air cargo centre of excellence. court rules in favour of atlas air and against union atlas air worldwide holdings has succeeded in its legal dispute with the pilot union, ordering them to negotiate a new deal. teleport signs interline deal with lufthansa cargo airasia’s cargo and logistics platform teleport has signed a direct interline agreement with lufthansa cargo. dubai air show: delivery bot impresses at cargo connect the effect of automation, artificial intelligence and digitalisation were the key topics at the cargo connect conference at dubai airshow 2019. china airlines cargo adds mumbai to network china airlines cargo added mumbai to its network on saturday 16 november, with two services a week. cargo.one bags etihad cargo in landmark deal etihad cargo has partnered with cargo.one to augment its digitalisation strategy in a landmark distribution agreement. maersk trials containerised battery maersk is set to trial a containerized 600 kwh marine battery system in december as it looks to improve vessel performance and reliability while reducing co2 emissions. apm gothenburg targets rail doubling apm terminals gothenburg plans to double the volume of containers transported by rail to and from gothenburg by 2022. japan joins virgin australia's cargo network virgin australia will add japan to its international cargo network in march with the launch of daily services between brisbane and tokyo-haneda. issa baluch inducted into tiaca hall of fame issa baluch has been inducted into the tiaca hall of fame, in recognition for his work across the air cargo industry. etihad launches "state of the art" cargo control centre etihad cargo has taken its data-driven digitalization journey another step forward with the launch of its state-of-the-art cargo control centre (ccc) at its head office in abu dhabi. schweizerzug ramps up euro network after successfully extending services in the first half of 2019 with additional connections between switzerland and belgium, schweizerzug ag is now increasing the frequency between frenkendorf and neuss and at the same time boosts niederglatt’s links to antwerp and rotterdam. egyptair cargo to use descartes vmail egyptair cargo will use descartes velocity mail (vmail) to streamline transporting air mail across its international network. aa cargo launches first phase of new end-to-end management system american airlines cargo recently launched the first phase of its single largest investment to-date with the roll out of a new cargo end-to-end management system on october 1st. wfs moves to sustainable plastics worldwide flight services (wfs) has claimed to be the first major air cargo industry company to begin converting the majority of plastic products used in its cargo handling operations over to the bionatur™ plastics line of sustainable products manufactured by m&g packaging. southern air appoints hactl for ramps hong kong air cargo terminals (hactl) has won the contract to provide ramp handling for kentucky (usa)-based freighter operator southern air inc.