Glossary

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GLOSSARY INDEX

Search Results for F
F(304)
ABBREVIATION
DEFINITION
  • Fahrenheit; Fresh water load line mark 
  • F & D 
    Freight and demurrage 
  • F or FCSL 
    Forecastle 
  • F or FWD 
    Forward 
  • F&C 
    Full and complete 
  • F&D 
    Freight and demmurrage 
  • F.DESP (FD) 
    Free DESPatch 
  • F/DA 
    Free disbursement Account 
  • F/N 
    Fixing Note 
  • F/R 
    Freight release 
  • FA 
    Free Alongside 
  • FAC 
    Fast as can 
  • FACCOP 
    Fast As Can, According to Custom of Port 
  • Factor 
    A factor is an agent who will, at a discount (usually five to 8% of the gross), buy receivables. 
  • Factory Stern Trawler 
    A stern trawler fitted out with a factory for refrigerating, processing and possibly canning 
  • FAF 
    Fuel adjustment factor 
  • Fahrenheit degrees (F) 
    A temperature scale according to which water boils at 212 and freezes at 32 Fahrenheit degrees convert to Centigrade degrees (C) by the following formula: (F-32)1.8= C. 
  • FAK 
    Freight All Kinds (containtainers) 
  • FAL 
    Convention on Facilitation of International Maritime Traffic 
  • FAL 
    Facilitation Committee 
  • fall foul of 
    Foul is an often used nautical term generally meaning entangled or impeded. An anchor tangled in line or cable is said to be a foul anchor. A foul berth is caused by another vessel anchoring too close wherein the risk of collision exists. A foul bottom of
  • False Billing 
    Misrepresenting freight or weight on shipping documents. 
  • FAME 
    Fatty Acid Methyl Esters (FAME), sometimes referred to as Vegetable Oil Methyl Esters (VOME), are used as transportation biofuels in varying proportions with diesel and as feed for the production of natural fatty alcohols. They are obtained by esterificat
  • FAOP 
    full away on passage 
  • FAQ 
    Fair average quality 
  • FAS 
    Free Alongside Ship (named port of shipment) The seller must place the goods alongside the ship at the named port. The seller must clear the goods for export. Suitable only for maritime transport but NOT for multimodal sea transport in containers (see Inc
  • FAS (Free Alongside Ship) (...Named Port of Shipment) 
    A Term of Sale which means the seller fulfills his obligation to deliver when the goods have been placed along- side the vessel on the quay or in lighters at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of
  • Fat 
    A chemical unit resulting from the chemical combination or esterification of one unit of glycerine with three units of fatty acids. The special ester thus formed is a ""triglyceride"". A natural fat is a mixture of different triglycerides and may contain
  • Fat Splitting 
    Fats and oils are triglycerides which are split on hydrolysis to give glycerol and a mixture of fatty acids. The process is usually carried out with steam at high temperature and pressure (e.g. 260°C and 55 bar). Triglyceride + Water ? Glycerol + Fatty Ac
  • Fathom 
    A nautical measure equal to six feet, used to measure the depth of water at sea. The word was also used to describe taking the measure or “to fathom” something. Today when one is trying to figure something out, they are trying to fathom it or get to the b
  • Fats (and Oils) 
    Fats and oils are essentially similar in composition and synonymous. They are substances produced by plant and animal life, mainly as an energy store. However, certain components of fats perform essential metabolic functions. Many seeds are rich in fats,
  • Fatty Acid 
    A long chain (usually aliphatic) organic acid 
  • Fatty Acid Derivatives 
    Using fatty acids as starting materials, the oleochemicals industry makes mainly fatty alcohols, esters, amines, amides and soaps as derivatives. These compounds are often reacted further to produce a very wide range of chemicals for consumer or industria
  • Fatty Acid Fractionation 
    Fatty acids which have been "split" from triglycerides or hydrolysed can effectively be separated according to chain length, by distillation under vacuum, as their volatility varies. This is known as fractional distillation. For example, palmitic acid (C1
  • Fatty Acids 
    Alkanoic and alkenoic acids are saturated or unsaturated organic acids generally having an unbranched chain of an even number of carbon atoms. They are major components of most lipids and are primarily obtained directly from animal or vegetable sources. P
  • Fatty Alcohol 
    Fatty alcohol is derived from fatty acids. Two main routes are used to obtain fatty alcohols commercially - a. hydrogenolysis of either fats or fatty acids, usually as the methyl ester, and b. reduction of fatty esters with an alcohol and alkali metal (as
  • Fatty Alcohols 
    Medium- and long-chain alcohols related to the fatty acids that occur naturally in lauric oils and wax esters are produced commercially by the catalytic reduction of the acids or their methyl esters. Fatty alcohols (C12 and up) are vital components of sur
  • Fatty Amines 
    Fatty amines are useful fatty acid derivatives for cationic surfactants. All cationics modify surfaces, especially textile surfaces, which makes them useful as fabric softeners, dye fixatives or water repellents. They are also useful in ore flotation, cor
  • Fatty Matter 
    This term is used by the analytical chemist to describe the fatty component of a complex food such as milk, meat, cake or seeds. Fatty matter is usually measured by weight after a suitable extraction procedure. 
  • FB 
    Ferry boat 
  • FBD 
    Freeboard. the freeboard of a ship is the distance above the waterline and represents a margin of safety for vessel loading. 
  • FBL FIATA 
    Combined transport bill of lading 
  • FBM 
    Foor board measure 
  • FBP 
    Final boiling point. 
  • FBT 
    Flatbed trailer 
  • FC 
    Fund Convention (for oil pollution damage) 
  • FC/LCL 
    One shipper/more than one receiverFrowa 
  • FCA 
    Free Carrier (named place of delivery) The seller hands over the goods, cleared for export, into the disposal of the first carrier (named by the buyer) at the named place. The seller pays for carriage to the named point of delivery, and risk passes when t
  • FCA 
    First Carrier or Free to Carrier or Fellow Chartered Accountant  
  • FCA (Free Carrier) (... Named Place) 
    A Term of Sale which means the seller fulfills their obligation when he or she has handed over the goods, cleared for export, into the charge of the carrier named by the buyer at the named place or point. If no precise point is indicated by the buyer, the
  • FCAR 
    Free of claim for accident reported 
  • FCC 
    Full & Complete Cargo 
  • FCC 
    First Class Charterers 
  • FCL 
    Full container load 
  • FCR 
    Floating Crane or Forwarder's Certificate of Receipt 
  • FCS 
    Fresh of capture and seizure 
  • FCSRCC 
    Free of capture seizure riots and civilcommotions 
  • FCSSS 
    For Christ’s sake say something 
  • FD 
    Free Discharge (cost) or Free Delivery or Free Dispatch 
  • FD or FDESP 
    Free dispatch 
  • FD&D 
    Freight Demurrage & Deadfreight 
  • FDA 
    United States Food and Drug Administration 
  • FDA 
    Final Disbursement Account 
  • FDD 
    Freight Demurrage Defence (P&I) 
  • FDEDANRSAOCLONL 
    Freight Deemed Earned Discountless and Non-Refundable Ship and or Cargo Lost Or Not Lost 
  • FDEOCL 
    Freight deemed earned on completion loading 
  • FDEOSSAOCLONL 
    Freight Deemed Earned on Shipment Ship and or Cargo Lost or Not Lost 
  • FDESP 
    Free Dispatch 
  • FDIS 
    Free Discharge 
  • FEAST 
    Far East 
  • FEDES 
    European Flexible Packaging Federation 
  • Feeder Service 
    Cargo to/from regional ports are transferred to/from a central hub port for a long–haul ocean voy- age. 
  • Feeder Vessel 
    A short–sea vessel which transfers cargo between a central “hub” port and smaller “spoke” ports. 
  • Feedermax Vessel 
    a cellular containership that holds about 500 to 1,000 TEUs 
  • Feedstock 
    A product of oil or gas processing suitable for charging to (introduction into) an upgrading unit for further refining or transformation. In general, each stage of hydrocarbon processing regards the material, it receives for alteration as its feedstock an
  • Feedstock 
    Raw material used in a processing plant. The most important feedstock for the European petrochemical industry is naphtha. 
  • FEFC 
    Far East Freight Conference 
  • FEICA 
    Association of European Adhesives Manufacturers, an affiliate of Cefic. 
  • FEISYP 
    European Federation of Associations of Particle Board Manufacturers 
  • FERTICON 
    Fertilliser charter party 
  • Fertilizer 
    Substance that adds inorganic or organic plant nutrients to soil and improves its ability to grow crops, trees, or other vegetation. 
  • FERTS 
    Fertilizers 
  • FEU 
    Forty foot equivalent unit. This is an 40 X 8 X 8.5 feet dry cargo intermodal container used as a measurement of container volume. See also TEU, twenty-foot equivalent-unit. One FEU equals two TEU. 
  • FFA 
    Free From Average or Free From Alongside 
  • FFA 
    Fat Free Acid or Fire Fighting Appliances  
  • FFA 
    Freight Future Agreement 
  • FFB 
    Fresh Fruit Bunch. The initials stand for "fresh fruit bunch" and refer to the bunch as harvested from the oil palm. Each bunch weighs 10-20 kg and may contain 1500 or more individual fruits. Calculation of oil yield and losses in the oil mill is often re
  • FFE 
    Fire Fighting Equipment 
  • FFI 
    For further instructions 
  • FFXD 
    Fully fixed 
  • FGF 
    Fully godd fair 
  • FH 
    First Half or Fore-hatch 
  • FHEX 
    Fridays & holidays excluded 
  • FHINC 
    Fridays & holidays included 
  • FIA 
    Full interest admitted 
  • FIB 
    Free Into Barge or Free Into Bunkers 
  • Fiberglass 
    See Unsaturated polyester resins 
  • FICS 
    Fellow of The Institute of Chartered Shipbrokers 
  • FiFI 
    Fire Fighting 
  • FiFi 1 
    FiFi 1 is the lowest category, and the minimum requirements include two monitors, one to two fire pumps and water pumping capacity of 10,569 gpm. Additional firefighting equipment often includes water deluge spraying systems. 
  • FiFi 2 
    FiFi 2 rating requires two to four monitors, up to four fire pumps and total pumping capacity of 31,704 gpm. Additional firefighting equipment often includes water deluge spraying systems and high-expansion foam generators. 
  • FiFi 3 
    FiFi 3 vessels must have three to four monitors and two to four fire pumps capable of supplying a total 42,272 gpm. Additional firefighting equipment often includes water deluge spraying systems, high-expansion foam generators and foam monitors. 
  • FIFO 
    First In First Out 
  • Fifth Wheel 
    The semi–circular steel coupling device mounted on a tractor which engages and locks with a chassis semi–trailer. 
  • Figurehead 
    An ornamental figure placed on the front of a ship, under the bowsprit. Originally a religious and/or protective emblem. The custom continued but for purely decorative purposes. Hence the term figurehead – a leader with no real power or function except to
  • FILO 
    Free In Liner Out 
  • FILTD 
    Free in, liner terms discharge 
  • Filtration 
    Filtration refers to the separation of a component from another using a screening material or sieve such as paper, steel mesh or cloth. In the oils and fats industry, filtration is used to remove - a. bleaching earth and impurities from the bleached oil i
  • Final boiling point 
    The temperature where a natural material or fraction finishes boiling. This temperature also goes by the name, end point. Some folks use the phrase " full boiling point." This expression has fallen into disfavor, though. It implies complete evaporation of
  • Finished gasoline 
    Motor gasoline which meets the merchantability standards of a particular market. These specification fuels differ from blendstocks called gasoline which require the addition of other components to make it fit for retail sale in one country or another. 
  • Finishing component 
    Ingredients added to gasoline blends in small amounts to adjust the mixture to motor fuel standards. Finishing components include toluene and MTBE. 
  • FIO 
    Free In and Out 
  • FIOLS 
    Free in and out, lashed and secured 
  • FIOS 
    Free In and Out Plus Stowed 
  • FIOSLSD 
    Free In/Out Stowed, Lashed, Secured and Dunnaged. As per FIO, but includes cost of lashing securing and dunnaging cargo to Masters satisfaction 
  • FIOSpT 
    Free in and out, spout trimmed 
  • FIOST 
    Free In and Out Plus Stowed and Trimmed 
  • FIOT 
    Free In and Out Plus Trimmed 
  • Fire Fighting Vessel 
    A vessel equipped for the primary function of fighting fires 
  • Fire Point 
    The temperature at which an oil sample, when heated under prescribed conditions, will ignite for a period of at least five seconds. 
  • Firkin 
    A capacity measurement equal to one–fourth of a barrel. 
  • Firm indication 
    A suggestion from a prospective buyer or seller feeling his way toward a possible deal. Firm indications carry more weight than the initial indications casually given in routine conversation. But they do not constitute an offer. They show distinct interes
  • First Rate 
    Implies excellence. From the 16th century on until steam powered ships took over, British naval ships were rated as to the number of heavy cannon they carried. A ship of 100 or more guns was a First Rate line-of-battle ship. Second rates carried 90 to 98
  • Fish Carrier 
    A refrigerated cargo vessel for the carriage of fish at a single temperature 
  • Fish Factory Ship 
    A vessel fitted out with a factory for refrigerating, processing and possibly canning. The catch is from other vessels 
  • Fish Farm Support Vessel 
    A vessel for the support of fish farming activities 
  • Fish Storage Barge, non propelled 
    A non propelled barge for the storage of live fish 
  • Fishery Patrol Vessel 
    A vessel for the protection of fish stocks and fishing vessels 
  • Fishery Research Vessel 
    A vessel for research into fish stocks and conservation. The vessel may catch fish for scientific purposes 
  • Fishery Support Vessel 
    A vessel for supporting fishing activities 
  • Fishing Vessel 
    A vessel for catching fish whose method is other than trawling. Includes long liners, purse seiners etc 
  • Fishing, Inland Waterways 
    A vessel used for fishing. Not designed for operation in open sea 
  • FISLO 
    Free stowed liner out 
  • FISLSD/LO 
    Free in, stowed, lashed, secured and dunnaged /liner out 
  • FIT 
    Free In Trimmed OR Free of income tax 
  • Fits the Bill 
    A Bill of Lading was signed by the ship’s master acknowledging receipt of specified goods and the promise to deliver them to their destination in the same condition. Upon delivery, the goods were checked against the bill to see if all was in order. If so,
  • FIW 
    Free in Wagon 
  • Fix 
    When a shipowner and charterer make a deal, they say they have "fixed" a ship. They have settled all of the issues including the price, to employ the vessel. 
  • Fixed Costs 
    Costs that do not vary with the level of activity. Some fixed costs continue even if no cargo is carried. Terminal leases, rent and property taxes are fixed costs. 
  • Fixed price 
    The oil trade speaks of prices quoted in absolute figures, like $157 per ton and 44.875 cents per gallon, as fixed prices these numbers, and the transactions (called fixed-price deals) which use them, do not move with any price business in recent years. 
  • FIXING 
    Chartering a Vessel 
  • FIXTURE 
    Agreement of contract for transportation 
  • Flag 
    Flag of the country where a ship is registered. 
  • Flaking 
    A process used when extracting oil from seeds. The cooked seeds are usually passed through pairs of rolls which break them down and flatten them to a uniform thickness suitable for efficient solvent extraction. 
  • Flame Extension 
    The distance a flame will travel from the aerosol container when exposed to an ignition source 
  • Flammable liquid 
    A liquid that has a flash point of 60.5°C (141°F) or lower. 
  • FLASH 
    Feeder lighter aboard ship 
  • Flash point 
    The lowest temperature at which a liquid gives off sufficient vapour to form a flammable mixture near the surface of the liquid. 
  • Flash point 
    The temperature at which a hydrocarbon releases vapors in sufficient quantity to permit combustion. 
  • Flash Point Limit Test 
    ISO 15267 - Method to determine whether a sample of oil or fat at a given temperature will flash when a test flame is applied to the sample under specified conditions. 
  • Flash Point/Flammable Range 
    Tank cleaning: The flashpoint is the lowest temperature at which a product gives off sufficient gas to form a flammable gas mixture that can be ignited. The pre-cleaning temperature must be well below the flashpoint. If this is not possible, avoid any ign
  • Flasher 
    see DISTILLATION UNIT 
  • Flat Car 
    A rail car without a roof and walls. 
  • Flat Rack/Flat Bed Container 
    A container with no sides and frame members at the front and rear. Container can be loaded from the sides and top. 
  • FLATPACKING 
    Cargo to be presented stacked and secured as an integral unit. 
  • Flexibility 
    The degree to which a processing unit can make a desired product from various feed stocks. The term applies particularly to steam crackers. Some such plants can produce ethylene from a range of hydrocarbon streams spanning ethane to vacuum gasoil. Other u
  • FLG 
    Flag 
  • Floating Dock 
    A submersible unit constructed and fitted out to dry dock ships whilst afloat. 
  • Floating price 
    A price tied to some sensitive reference quotation. The oil business took this approach when market volatility made fixed-price deals too risky. In the late 1980's the majority of crude and products deals which involve any substantial time exposure use ma
  • Flocculant 
    Flocculants are products used in waste treatment to separate unwanted components from water and sludge. 
  • Flotsam and Jetsam 
    These are legal terms in maritime law. Flotsam is any part of the wreckage of a ship or her cargo that is lost by accident and found floating on the surface of the water. Jetsam are goods or equipment deliberately thrown overboard to make the ship more st
  • FLT 
    Full liner terms; forklift truck 
  • Fluid coker 
    A coking unit (coker) which makes coke in powdery, free-flowing form. 
  • Flux 
    Rate of material flow. Some refiners use this word when discussing the fluidity or viscosity of petroleum products, particularly heavy ones. 
  • Fluxant 
    Rate of materials flow faster or at lower temperatures. 
  • FLWG 
    Following 
  • FLWS 
    Follows 
  • Fly-by-Night 
    A large sail used only for sailing downwind and requiring rather little attention. 
  • Flying Colours 
    To come through a battle with flying colours means a ship has come through relatively unscathed and with her colours (flag) flying. 
  • FM 
    Fine-measurement or From 
  • FMC 
    Federal Maritine Commission (USA) 
  • FMS 
    Fathoms 
  • 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
  • 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
  • FOBS 
    Free on board and stowed 
  • FOBT 
    Free On Board and Trimmed 
  • FOC 
    Free of Conveyance or Free of Charge or Flag of Convenience 
  • 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 centrifuga
  • 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. 
  • Foreign Trade Zone 
    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. 
  • Fork Lift 
    A machine used to pick up and move goods loaded on pallets or skids. 
  • Formaldehyde 
    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
  • Formul8 
    Polyurethane foam formulation software 
  • Forward Perpendicular 
    Ship Stability: Usually established at the intersection of the design waterline and the vessels stem on the bow. 
  • Forwarder Compensation 
    See Brokerage. 
  • FOS 
    Free on ship 
  • FOSC 
    Federal On-Scene Commander 
  • FOSFA 
    Federation of Oils, Seeds and Fats Associations Ltd. 
  • Fossil fuel 
    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 anim
  • FOT 
    Free on Truck or Free on Train 
  • Foul Bill of Lading 
    A receipt for goods issued by a carrier with an indication that the goods were damaged when received. Compare Clean Bill of Lading. 
  • Four–Way Pallet 
    A pallet designed so that the forks of a fork lift truck can be inserted from all four sides. See Fork lift. 
  • FOW 
    First Open Water or Free on Waggon or Free on Wharf 
  • FP 
    Flash point; Fore Peak; Free Pratique 
  • FPA 
    Free of particular average 
  • FPPI 
    Foreign Principal Party of Interest. The party to whom final delivery or end use of the exported goods will be made, usually the buyer. 
  • FPSO 
    Floating Production Storage and Offloading 
  • FPSO, Gas 
    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 
  • FPSO, Oil 
    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 
  • FPT 
    Fore peak tank 
  • FR 
    France or Francs or Freight or Flat Rack (container) 
  • FR or FRGHT or FRT 
    Freight 
  • FR&CC 
    Free of riot and civil commotion 
  • Fraction 
    In the oil industry, fraction refers to one of the portions of fractional distillation having a restricted boiling range. 
  • Fractionating tower 
    Distillation column. 
  • Fractionation 
    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 
    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 differe
  • Fractions 
    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
  • FRC 
    Free carrier (Incoterms) 
  • Free Alongside (FAS) 
    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. 
  • Free Astray 
    An astray shipment (a lost shipment that is found) sent to its proper destination without additional charge. 
  • Free Carrier (FCA) 
    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. 
  • FREE DESPATCH 
    If loading/discharging achieved sooner than agreed, there will be no freight money returned. 
  • Free Ex Ins 
    FREE of any EXtra INSurance (Owners) 
  • Free In and Out (FIO) 
    Cost of loading and unloading a vessel is borne by the charterer/shipper. 
  • Free In/Out and Trimmed 
    Charterer pays for cost of FIOST loading/discharging cargo, including stowage and trimming. 
  • 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 or fire. 
  • 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, except the buyer pays the transportation charge and the seller reduces the invoice by
  • Free on Board (Int’l Use) 
    See Terms of Sale. 
  • FREE OUT 
    Free of discharge costs to owners. Includes sea freight only. 
  • Free Out (FO) 
    Cost of unloading a vessel is borne by the charterer. 
  • Free Port 
    A restricted area at a seaport for the handling of duty–exempted import goods. Also called a Foreign Trade Zone. 
  • Free Pratique 
    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. 
  • Free Sale Certificate 
    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, Dru
  • Free Time 
    That amount of time that a carrier’s equipment may be used without incurring additional charges. (See Storage, Demurrage or Per Diem.) 
  • Free to Carrier 
    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. 
  • Free Trade Zone 
    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. 
  • Freezing point 
    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 hig
  • Freight 
    Refers to either the cargo carried or the charges assessed for carriage of the cargo. 
  • Freight Bill 
    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. 
  • Freight Forwarder 
    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.” 
  • Freighters 
    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. 
  • FREQ 
    Frequency 
  • Fresh Water Replenishment 
    Whereby a vessel loads a quantity of Fresh Water from a barge or lighter for consumption by the vessel and her assigned personnel. 
  • Frigate 
    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 
  • FRISCO 
    San Francisco 
  • From Stern to Stern 
    From the front of a ship to the back. Now describes something in its entirety. 
  • Fronthaul 
    cargo that is carried on the trip out vs. return trip, opposite of backhaul 
  • FRT 
    Freight 
  • FRT FWD 
    Freight forward 
  • FRT PPD 
    Freight prepaid 
  • Fruit Juice Tanker 
    A tanker for the bulk carriage of fruit juice concentrate in insulated tanks 
  • FS or F.DIS or FDIS 
    Free discharge 
  • FSG 
    Floating Systems Group 
  • FSI 
    Flag State Implementation 
  • FSO 
    Floating Storage Offloading or Fleet Safety Officer (ISM) 
  • FSO, Gas 
    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 
  • FSO, Oil 
    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 
    FSRU (Floating Storage Regasification Unit) is special floating vessel that stores gas and regasifies the LNG tanker. 
  • FSS 
    International Code for Fire Safety Systems 
  • FT 
    Foot or Feet 
  • FT 
    Full Terms 
  • FTA 
    Free Trade Agreement or Freight Transport Association 
  • FTC 
    Free Transferable Currency 
  • FTD 
    Fitted 
  • FTRR&I 
    For their respective rights and interests 
  • FTTM 
    First thing tomorrow morning 
  • Fuel 
    A material used to produce heat or power by burning.  
  • Fuel blending 
    Mingling two or more materials, refinery streams ordinarily, to make a mixture that meets a grade of fuel's legal and commercial requirements. Refineries almost always sell finished products made from more than one component. Modern motor gasoline, for al
  • Fuel oxygenate 
    Oxygenates are compounds containing oxygen in a chain of carbon and hydrogen atoms. Today, oxygenates are blended into gasoline in two forms: alcohols or ethers. Ethanol is the most commonly used alcohol oxygenate; methyl-tertiary-butyl-ether, or MTBE, is
  • Full and Down 
    An expression to describe a loaded vessel carrying cargoes of such a volume and weight that it fills all the vessel’s spaces and also brings her down to her tonnage loadline. A rare but optimum revenue condition for a vessel operator. 
  • Full Containerships 
    Ships equipped with permanent container cells, with little or no space for other types of cargo. 
  • Full Cycle Washing 
    Crude oil washing in which the complete cargo tank is washed. 
  • Full Shipload Lot 
    The amount of cargo a vessel carries or is able to carry. Practically, it is the amount of cargo which induces the specific voyage. While the cargo lot may take up the majority of the vessel’s space or ton- nage capacity, it does not require a vessel’s vo
  • Full-Range Naphtha 
    see WHOLE NAPHTHA 
  • Fully Hydrogenated 
    The terms describing a fat or oil which has been hydrogenated to the extent that the resultant product is solid at room temperature. Products containing hydrogenated fats include heavy duty frying fats for restaurant use, solid shortenings and solid marga
  • Fully Refined Oil 
    The term used to describe an oil which has been subjected to extensive processing methods to remove - (1) free fatty acids and other gross impurities (refine); (2) naturally occurring colour bodies such as chlorophyll (bleach), and (3) volatile trace comp
  • Fungible 
    Marketable product. Typically refers to petroleum products moved by pipeline. As long as a particular grade of gasoline meets Colonial pipeline specifications, for instance, it may travel and trade as fungible product. A fungible batch in the Colonial sys
  • Furnace oil 
    A term ordinarily reserved for the kind of gasoil used for household heating. The quality of this product can vary from place to place. The USA, for instance, uses a lighter distillate for this purpose than do some European countries. 
  • Futures 
    A type of contract established to pay today for something that will be delivered at a fixed future date. 
  • FV 
    Fishing vessel 
  • FW 
    Fresh water 
  • FW or Fr. wa. 
    Fresh water 
  • FWA 
    Fresh water allowance 
  • FWAD 
    Fresh Water Arrival Draft 
  • FWC 
    Fully loaded weight and capacity 
  • FWDD 
    Fresh Water Departure Draft 
  • FWE 
    Finished With Engine 
  • FWPCA 
    Federal Water Pollution Control Act 
  • FX 
    Forecastle (OCIMF acronym) 
  • FXD 
    Fixed 
  • FXTR 
    Fixture 
  • FYG 
    For Your Guidance 
  • FYI 
    For your information 
  • FYPG 
    For Your Private Guidance 
  • FYVPG 
    For Your Very Private Guidance