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Glossary of Trade & Shipping Terms - F:
FAK Freight All Kinds
Usually refers to consolidated cargo.

FAS Free Along Side

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FCA Free Carrier

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FCL Full Container Load.
Containers are charged a specific rate for ocean transit regardless of their (lack of) contents. A full container will thus offer a better price per unit shipped than will a LCL.
Feeder Transportation conveyance utilised to relay cargo from the mother vessel to ultimate destination or from first receipt port to mother vessel.
FFE Forty-foot Equivalent Unit
The standard measurement unit of containerized cargo.
FIFO Free In Free Out
See also FIO.
FIO Free In Free Out
Flat Bed Truck designed to haul heavy or oversized non-containerisable cargo.
Floating Cranes Heavy duty cranes that are able to handle exceptionally heavy cargo if unable to use conventional gantry cranes.
FMC Federal Maritime Commission
U.S. Government agency responsible for overseeing regulatory aspects of the Shipping Act.

FOB Free On Board

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For-Hire Carriers Persons or firms engaged in the transportation of goods or passengers for compensation. Classified into two general categories, specialised and general freight motor carriers.
Force Majeure A state of emergency or condition that permits a company to depart from the strict terms of contract because of an event or effect that cannot be reasonably anticipated or controlled, i.e: beyond human control (French superior or irresistible force).
Compare: ACT OF GOD, INEVITABLE ACCIDENT, VIS MAJOR.
Forwarder's Cargo Receipt A non-negotiable document issued by a forwarder which will satisfy the legal requirements of a letter of credit. Since a forwarder is not an NVOCC it cannot issue actual bills of lading. The FCR is legally binding upon the forwarder and is an industry standard.
Free Time Time allowed for shippers or consignees/receivers to load or unload cargo before demurrage, detention and other charges accrue.
Freight Bill Destination (Collect) Freight Bill: Prepaid Freight Bill.
(1) Bill rendered by a transportation line to consignee containing description of freight shipper name, point of origin and weight charges (if not prepaid).
(2) Bill rendered by a transportation line to shipper containing description of freight, consignee, destination and weight charges.
Freight Cashier Responsible for collections of freight/charges/release of cargo/release of bills of ladings.
Freight Forwarder (1) Person engaged in assembling, collecting, consolidating shipping and distributing less than trailerload freight.
(2) Also, a person acting as an agent in the transshipping of freight to or from foreign countries and clearing freight through federal customs.
Freight Release Evidence that the freight charges for the cargo have been paid. If in writing, it may be presented at the pier to obtain release of the cargo. Normally, once the freight is paid, freight releases are arranged without additional documentation. Also known as freight bill receipt.
Full Visible Capacity The trailer is loaded as full as the nature of the freight and other conditions permit, so that no more of the same type of freight can be loaded, consistent with safety and damage precautions.
 
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TRANSOCEAN FORWARDING AND COMMERCE (TFC)
HEAD OFFICE CAIRO:
8 Sizostrees street-Korba- 1st floor , Flat 103 , Heliopolis-Cairo
Tel.: +2 02 2417 8738 2419 4948
Fax: +2 02 2414 8409
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