Terms Beginning with F

FAK: Freight All Kinds – uniform charging scale applying to a number of commodities for ocean and air movements.

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

F.C.A.: Free Carrier (Named Place)

F.C.L.: Full container load, full carload

F.C.S.: Free of capture and seizure.

f.C.S.R.C.C.: Free of capture, seizure, riots and civil commotion.

F & D: Freight and demurrage.

FEU: Forty-foot equivalent unit.

FIATA: International Federation of Freight Forwarders Association

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

FOREIGN SALES AGENT: An agent residing in a foreign country, who acts as a salesman for a domestic manufacturer.

FOREIGN TRADE ZONE ENTRY: A form declaring goods that are brought duty free into a Foreign Trade Zone for further processing or storage and subsequent exportation.

FREE IN AND OUT (F.I.O.): Cost of loading and unloading of 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 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 as 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: An area to which goods may be imported for processing and subsequent export on a duty free basis.

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

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