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Shipping Glossary
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Shipping Glossary
Foul Bill of LadingA receipt for goods issued by a carrier with an indication that the goods were damaged when received |
Four-Way PalletA pallet designed so that the forks of a folk lift truck can be inserted from all four sides |
FOXFREE OUT EXPENSE (Mediterranean) |
FPTFEDERAL POLICE TAX |
FRAFederal Railway administration |
FRBFederal reserve bank |
FRCFUEL RECOVERYERY CHARGE |
Free Alongside (FAS)The seller must deliver the goods to a pier and place them within reach of the ship's loading equipment. The buyer arranges ship space and informs the seller when and where the goods are to be placed |
Free AstrayA lost shipment that is found and sent to its proper destination without additional charge |
Free On Board (FOB-US Domestic Use)Shipped under a rate that includes costs of a delivery to and loading onto a carrier at a specific point. (FOB-International Use): An International Term of Sale than means the seller fulfills an obligation to deliver when the goods have passed over the ship’s rail at the named port of shipment. This means that the buyer has to bear all costs and risks to loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export |
