Maritime Terms, Abbreviations and Acronyms

Full Mission Shiphandling Simulator

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

Free out

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

Fob airport

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

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.)

Free on board and stowed

Free On Board and Trimmed

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

Free of damage

Firm Offer

For Our Guidance

Free On Lighter or Following

Flag, ownership and management

Federation of National Association of Shipbrokers and Agents

The Federation of National Shipbrokers abd Agents

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.

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).

Free on quay

Free On Rail (named points=Incoterms)

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

Toward or at forward most area of a ship.

The direction on a vessel parallel to the center line.

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.

A free port in a country divorced from Customs authority but under government control. Merchan- dise, except that which is prohibited, may be stored in the zone without being subject to import duty regulations.

A machine used to pick up and move goods loaded on pallets or skids.

An organic compound, the lowest in the chain of the aliphatic aldehydes, used in large amounts in a variety of chemical manufacturing processes. It is produced principally by the vapor-phase oxidation of methanol. Large quantities of formaldehyde are used in the manufacture of phenol-, urea- and melamine-formaldehyde resins, or formaldehyde polymers (acetal-resins), and polyurethane plastics.

Polyurethane foam formulation software

Ship Stability: Usually established at the intersection of the design waterline and the vessels stem on the bow.

See Brokerage.

Free on ship

Federal On-Scene Commander

Federation of Oils, Seeds and Fats Associations Ltd.

A general term for buried combustible geologic deposits of organic materials occurring within the Earth's crust, that can be used as a source of energy. They all contain carbon and were formed as a result of geologic processes from decayed plants and animals that have been converted to crude oil, coal, natural gas, or heavy oils hundreds of millions of years ago.

Free on Truck or Free on Train

A receipt for goods issued by a carrier with an indication that the goods were damaged when received. Compare Clean Bill of Lading.

A pallet designed so that the forks of a fork lift truck can be inserted from all four sides. See Fork lift.

First Open Water or Free on Waggon or Free on Wharf

Flash point; Fore Peak; Free Pratique

Free of particular average

Foreign Principal Party of Interest. The party to whom final delivery or end use of the exported goods will be made, usually the buyer.

Floating Production Storage and Offloading

A vessel with the capability to control production rates from an gas field and to store gas produced prior to its transfer to another vessel for transportation. May be self or non propelled

A vessel with the capability to control production rates from an oilfield and to store oil produced prior to its transfer to another vessel for transportation. May be self or non propelled

Fore peak tank

France or Francs or Freight or Flat Rack (container)

Freight

Free of riot and civil commotion

In the oil industry, fraction refers to one of the portions of fractional distillation having a restricted boiling range.

Distillation column.

Division of a hydrocarbon mixture according to the boiling temperature of its component molecules. This general term describes both distillation, which puts heat into mixtures to separate them, and cooling techniques which work by heat removal.

Fractionation involves the separation of an oil or fat into two or more fractions. The oil is cooled under controlled conditions and the fractions separated by filtration or centrifugation. Fractionation of a fat is made possible by the solubility differences of the component triglycerides arising from the structural differences of their fatty acids, chain length, degree and type of unsaturation.

Part of a hydrocarbon mixture isolated according to the temperature where it evaporates. Distillation units ordinarily divide a combination of liquid hydrocarbons, such as crude oil or the output stream of a cracker, by sorting its molecules into portions with different boiling ranges. These parts, or fractions, also go by the name, cuts. The bottom and top temperatures of a fraction sometimes serve as its designation, as in 180-330 fraction.

Free carrier (Incoterms)

The seller must deliver the goods to a pier and place them within reach of the ship’s loading equip- ment. See Terms of Sale.

The seller must deliver the goods to a pier and place them within reach of the ship’s loading equip- ment. See Terms of Sale.

An astray shipment (a lost shipment that is found) sent to its proper destination without additional charge.

An Incoterm of sale meaning the seller has delivered when the cargo is given to the carrier nominated by the buyer at the named place.

An Incoterm of sale meaning the seller has delivered when the cargo is given to the carrier nominated by the buyer at the named place.

If loading/discharging achieved sooner than agreed, there will be no freight money returned.

FREE of any EXtra INSurance (Owners)

Cost of loading and unloading a vessel is borne by the charterer/shipper.

Charterer pays for cost of FIOST loading/discharging cargo, including stowage and trimming.

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 or fire.

Shipped under a rate that includes costs of delivery to and the loading onto a carrier at a specified point. (a) FOB Freight Allowed: The same as FOB named inland carrier, except the buyer pays the transportation charge and the seller reduces the invoice by a like amount. (b) FOB Freight Prepaid: The same as FOB named inland carrier, except the seller pays the freight charges of the inland carrier. (c) FOB Named Point of Exportation: Seller is responsible for the cost of placing the goods at a named point of exportation. Some European buyers use this form when they actually mean FOB vessel. (d) FOB Vessel: Seller is responsible for goods and preparation of export documentation until actually placed aboard the vessel.

See Terms of Sale.

Free of discharge costs to owners. Includes sea freight only.

Cost of unloading a vessel is borne by the charterer.

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

Permission given to a ship to use a port after it has been certified free of disease, in compliance with port state control, local authorities and other regulatory bodies.

The U.S. government does not issue certificates of free sale. However, the Food and Drug Administra- tion, Silver Spring, Maryland, will issue, upon request, a letter of comment to the U.S. 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.

That amount of time that a carrier’s equipment may be used without incurring additional charges. (See Storage, Demurrage or Per Diem.)

A modern equivalent of FAS used in FCA intermeddle transport where goods are transferred at a nominated forwarder premises, depot or terminal but not actually put on board vessel.

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.

The temperature where aviation kerosene must remain free of wax crystals. These particles can clog jet engine fuel filters and nozzles. This specification, therefore, indicates the suitability of kerosene for propelling aeroplanes into the cold air at high altitudes.

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

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. In the United States, freight forwarders are now licensed by the FMC as “Ocean Intermediaries.”

Breakbulk vessels both refrigerated and unrefrigerated, containerships, partial containerships, roll-on/roll-off vessels, and barge carriers. A general cargo vessel de- signed to carry heterogeneous mark and count cargoes.

Frequency

Whereby a vessel loads a quantity of Fresh Water from a barge or lighter for consumption by the vessel and her assigned personnel.

A combat vessel, usually of 4,000 to 9,000 displacement tons, that is larger than a destroyer and smaller than a cruiser, used primarily for escort duty

San Francisco

From the front of a ship to the back. Now describes something in its entirety.

cargo that is carried on the trip out vs. return trip, opposite of backhaul

Freight

Freight forward

Freight prepaid

A tanker for the bulk carriage of fruit juice concentrate in insulated tanks

Free discharge

Free discharge

Free discharge

Floating Systems Group

Flag State Implementation

Floating Storage Offloading or Fleet Safety Officer (ISM)

A tanker purpose built or converted to store gas produced from a field prior to its transfer to another vessel for transportation. May be self or non propelled. This type does not include vessels which are temporarily being used for storage of gas

A tanker purpose built or converted to store oil produced from a field prior to its transfer to another vessel for transportation. May be self or non propelled. This type does not include vessels which are temporarily being used for storage of oil

FSRU (Floating Storage Regasification Unit) is special floating vessel that stores gas and regasifies the LNG tanker.

International Code for Fire Safety Systems