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FrançaisThe International Federation of Freight Forwarders Association is a non-governmental organization founded in 1926 representing the freight forwarding industry worldwide. FIATA has three main divisions, called institutes, covering air freight, customs facilitation and multimodal transport. Each has its own advisory…
Read MoreFIFO First in, first out
Inventory management and/or accounting procedure whereby the earliest arriving goods of their kind (first in) are shipped prior to those that have arrived more recently.
Read MoreFILO First in, last out
Inventory management and/or accounting procedure whereby the earliest arriving goods of their kind (first in) are shipped after those that have arrived more recently (last out).
Read MoreFIO Free in and out
A transport or freight term which indicating that loading/discharging costs are not included in the freight. In the charter party context means that loading/discharging are not the shipowner´s responsibility. The charterer is responsible for loading/discharging. May be used with addition…
Read MoreFIOST Free in, out, stowed and trimmed
And elaboration of the FIO chartering terms whereby the vessel owner is not responsible for the costs of loading, unloading, stowage, trimming. This is the opposite of gross terms.
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