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Shipping Glossary

Shipping Glossary

Free Out (FO)

Cost of unloading a vessel is borne by the charterer

Free Port

A restricted area at a seaport for the handling of duty-exempted import goods. Also, Foreign Trade Zone

Free Sale, Certificate

The US Government does not issue certificates of free sale. The Food and Drug Administration, Silver Springs, Maryland USA, will issue, upon request, a letter of comment to the US manufacturers whose products are subject to the Federal Food, Drug and Cosmetic Act or other acts administered by the agency. The letter can take the place of the certificate

Free Time

The time allowed shippers or receivers to load or unload cars before demurrage, detention or storage charges accrue

Free Time1

The amount that a carrier’s equipment may be used without incurring additional charges

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, etc., within the zone and re-exported without duties

Freight

Refers to either the cargo carried or the charges assessed for carriage of the cargo

Freight B/L

A contract of carriage between a shipper and forwarder (usually an NVOCC); a non-negotiable document

Freight Bill

A document issued by the carrier based on the bill of lading and other information, used to account for a shipment operationally, statistically and financially

Freight Charge

The charge assessed for transporting freight

오시는 길

서울특별시 강서구 마곡중앙 8로 78(마곡동, SM R&D 센터) 5, 6층
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