Free of Particular Average (FPA)
A marine insurance term meaning that the assurer will not allow payment for partial loss or damage to cargo shipments except in certain circumstances, such as stranding, sinking, collision...
Free on Board (FOB – U.S. Domestic Use)
Shipped under a rate that includes costs of delivery to and the loading onto a carrier at a specified point. FOB Freight Allowed:The same as FOB named inland carrier,...
See Terms of Sale.
Cost of unloading a vessel is borne by the charterer.
That amount of time that a carrier’s equipment may be used without incurring additional charges. (See Stowage, Demurrage or Per Diem.)
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...
The price paid to the carrier for the transportation of goods or merchandise by sea from one place to another. Freight is also used to denote goods which are...
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.An Invoice.
A person whose business is to act as an agent on behalf of the shipper. A freight forwarder frequently makes the booking reservation.
See Ships.
Recent Comments