A B C D E F G H I J K L M N O P Q R S T U V W

FHEX

A term meaning that Fridays and Holidays are Excluded in calculating the laytime for vessel chartering.

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FHINC

A term meaning that Fridays and Holidays are Included in calculating the laytime for vessel chartering.

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FIATA

The 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…

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FIFO 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.

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