A temperature that when certain inflammable cargo reaches will trigger spontaneous ignition. It is an IMCO standard information requirement for dangerous goods.
Federal Maritime Commission. The U.S. Governmental regulatory body responsible for administering maritime affairs including the tariff system, Freight Forwarder Licensing, enforcing the conditions of the Shipping Act and approving...
See Free On Board and Terms of Sale.
Free on Rail
The title of a common clause in contracts, exempting the parties for non-fulfillment of their obligations as a result of conditions beyond their control, such as earthquakes, floods or...
The direction on a vessel parallel to the center line.
A free port in a country divorced from Customs authority but under government control. Merchandise, except that which is prohibited, may be
stored in the zone without being subject to import duty regulations.
The seller must deliver the goods to a pier and place them within reach of the ship’s loading equipment. See Terms of Sale.
Cost of loading and unloading a vessel is borne by the charterer/shipper.
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