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Shipping Glossary

A B C D E F G H I J K L M N O P R S T U V W X Y Z
 
 
ACRONYM FULL WORDING COMMENT
FAC as Fast As Can (receive / deliver) Obsolete wording except for self loading/discharging vessels
FAS Free Alongside Ship A term which puts the risk and expense of loading and discharging on to the Owner
FCC First Class Charterers Appreciative description which may involve some liability on the part of the broker who will have made it
FD Free Discharge i.e. free of expense to the Vessel
FD Free Despatch-Money
FDD Freight Deadfreight Demurrage Currently used to assess the basis of commission
FH First Half (of a month) i.e. first fortnigth
FHEX Fridays and Holidays excepted
FHINC Fridays and Holidays included
FILO Free In / Liner Out Remark : liner terms are extremely variable from one port to the other
FIO Free In and Out i.e. loading and discharging free of expense to the Vessel
FIOSPT id.
FIOST Free In and Out Stowed and/or Trimmed i.e. loading stowage and/or trimming, and discharging free of expense to the Vessel
FIOST Free In and Out and Spout-Trimmed i.e. loading, trimming by spout and discharging free of expense to the Vessel Spout-trimming is rather unfinished. It is sufficient for bulk carriers
FIOT Free In and Out and Trimmed i.e. loading trimming and discharging free of expense to the Vessel
FO Fuel Oil Marine fuel used in TYPEs of medium or high power
FOB Free On Board Term of the sale of the cargo (Incoterms) also a chartering term often completed by S or T (Stowed or Trimmed) or ST (Spout-Trimmed) - See FIO
FOC Flag of Convenience ... in older times : PANHONLIB. That list was since enlarged
FOIS Free In and Out and Stowed i.e. loading, stowage and discharging free of expense to the Vessel
FOW (Date of)First Open Water Only used about ports / regions icebound in winter. The date varies with the power and the ice class of the vessel
FPA Free of Particular Average Term of cargo insurance which only covers general average and total loss
FT Foot 1 foot = 30,479448 centimetres
FW Fresh Water d = 1,000
FWAD (Maximum) Fresh Water Arrival Draft Applies to the vessel
FXD Fixed
FYG For Your Guidance