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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