Term
FLT
Full Liner Terms
Charter-Party Reference
Chartering Terms
Search and browse a complete chartering glossary curated from operational market usage for owners, charterers, and shipbrokers.
Showing 24 of 339 terms
Term
FMC
Federal Maritime Commission
Term
FME
Force Majeure Excepted
Term
FMS
Fathoms
Term
FO1
For Orders
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FO2
(IFO)Fuel Oil/Intermediate FO
Term
FO3
Free Out
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FOB
Free on Board. Seller sees the goods 'over the ships rail' on to the ship which is arranged and paid for by the buyer
Term
FOFFER
Firm Offer
Term
FOG
For Our Guidance
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FOQ
Free On Quay
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FORCE MAJEURE
Clause limiting responsibilities of the charterers, shippers and receivers of cargo.
Term
FORE
AND-AFT - In a line parallel to the keel
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FOT
Free On Truck
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FOW1
First Open Water
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FOW2
Free On Wharf
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FP
Free Pratique. Clearance by the Health Authorities
Term
FR
First Refusal. First attempt at best offer that can be matched
Term
FREE EXINS
Free of any Extra Insurance (Owners)
Term
FREE OUT
Free of discharge costs to owners. Includes seafreight only.
Term
FREEBOARD
The minimum vertical distance from the surface of the water to the gunwale
Term
FRT
Freight
Term
FRUSTRATION
Charterers when cancelling agreement sometimes quote 'doctrine of frustration' i.e. vessel is lost, extensive delays.
Term
FWAD
Fresh Water Arrival Draft