Maritime Terms, Abbreviations and Acronyms

Maritime abbreviations and acronyms go back to those days we used telegram and telex to communicate. The business model for telex and telegrams was “pay per letter”. Even though the telegrams and telexes have been retired, we still use the maritime abbreviations daily.

Below you will find a comprehensive list of terms, abbreviations, and acronyms used in the maritime industry, sorted in alphabetical order. You can search for an acronym or write a word and find the abbreviations where the word is included.

If you think some abbreviations are missing, send us an e-mail at post@maritimeoptima.com or open the chat icon on the bottom of this page.

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FMSS

Full Mission Shiphandling Simulator

FO

Fuel oil or Free overside or Firm offer or For orders or Full our terms

FO

Free out

FO

Free on Board means that the seller fulfills his obligation to deliver when the goods have passed over the ship's rail (vessel's flange for tankers) at the named port of shipment. This means that the buyer has to bear all costs and risks of loss or damage

FOA

Fob airport

FOB

Free on Board (named port of shipment). The seller must load themselves the goods on board the vessel nominated by the buyer. Cost and risk are divided when the goods are actually on board of the vessel (this rule is new!). The seller must clear the goods for export. The term is applicable for maritime and inland waterway transport only but NOT for multimodal sea transport in containers (see Incoterms 2010, ICC publication 715). The buyer must instruct the seller the details of the vessel and the port where the goods are to be loaded, and there is no reference to, or provision for, the use of a carrier or forwarder. This term has been greatly misused over the last three decades ever since Incoterms 1980 explained that FCA should be used for container shipments. The four rules defined by Incoterms 2010 for international trade where transportation is entirely conducted by water are: FAS, FOB, CFR, CIF

FOB (Free On Board) (...Named Port of Shipment)

An International Term of Sale that means the seller fulfills his or her 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 re- quires the seller to clear the goods for export. (Note: The U.S. Government sometimes uses a made–up term “FOB Destination” to require the seller to take responsibility for delivering the goods at destination rather than the correct Incoterm of DDP.)

FOBS

Free on board and stowed

FOBT

Free On Board and Trimmed

FOC

Free of Conveyance or Free of Charge or Flag of Convenience or Free of Cargo

FOD

Free of damage

FOFFER

Firm Offer

FOG

For Our Guidance

FOL

Free On Lighter or Following

FOM

Flag, ownership and management

FONASBA

Federation of National Association of Shipbrokers and Agents

FONSABA

The Federation of National Shipbrokers abd Agents

Footloose

The bottom portion of a sail is called the foot. If it is not secured, it is footloose and it dances randomly in the wind.

Foots

Visible Foots - The insoluble matter in crude fats and oils, together with occluded oil, which settles at 10-20 degrees C above the melting point of the fat or oil. Sediment - That part of the insoluble matter in a crude fat or oil which can be centrifugally separated and is the total amount of the unclear layer of components collected at the bottom of the measuring cell after centrifuging. The sediment contains, for example, phospholipids, impurities and dirt, usually dispersed in a water-containing phase. (Note: ISO 15301 - Determination of Sediment in Crude Fats and Oils - Centrifuge Method).

FOQ

Free on quay

FOR

Free On Rail (named points=Incoterms)

Force Majeure

Clause limiting responsibilities of the charterers, shippers and receivers due to events beyond their control

Fore

Toward or at forward most area of a ship.

Fore and Aft

The direction on a vessel parallel to the center line.

Foreign Sales Corporation

Under U.S. tax law, a corporation created to obtain tax exemption on part of the earnings of U.S. products in foreign markets.Must be set–up as a foreign corporation with an office outside the USA.