Maritime terms starting with F

5 terms

1. Forty-Foot Equivalent Units (FEU) Refers to the standard container size of 40 feet. Two 20–foot containers or TEU’s equal one FEU.
2. Free Time That amount of time that a carrier’s equipment may be used without incurring additional charges.
3. Freight Forwarder A person whose business is to act as an agent on behalf of the shipper to arrange transportation services.
4. Full Container Load (FCL) A container that is loaded and unloaded entirely under the risk and account of a single shipper or consignee.
5. Fully Found Agreement Defined in general as, a contractual agreement in which the lessor (owner of the vessel) pays operating expenses such as salary for the crew (including…