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Shipping Glossary

Shipping Glossary

F.O.B.

Free on Board. Shipped under a rate that includes costs of delivery to and the loading onto a carrier at a specified point

F.O.B. Freight Allowed

The same as F.O.B. named inland carrier, except the buyer pays the transportation charge and the seller reduces the invoice by a like amount

F.O.B. Freight Prepaid

The same as F.O.B. named inland carrier, except the seller pays the freight charges of the inland carrier

F.O.B. Named Point of Exportation

Seller is responsible for the cost of placing the goods at a named point of exportation

F.O.B. Vessel

Seller is responsible for goods and preparation of export documentation until actually placed aboard the vessel

F/CC

full / complete cargo

F/O

Firm order

FAC

Forwarding agent's commission

FACCOP

Fast as can, custom of the port

Factor

An agent who will buy receivables at a discount

오시는 길

서울특별시 강서구 마곡중앙 8로 78(마곡동, SM R&D 센터) 5, 6층
지하철 5호선 발산역 1, 9번 출구