Georgia Tech SCL Georgia Tech SCL Georgia Tech SCL

Abbreviation for "Free Alongside Ship."

Abbreviation for "Full Container Load."

A short-sea vessel which transfers cargo between a central "hub" port and smaller "spoke" ports.

Abbreviation for "Forty-Foot Equivalent Units." Refers to container size standard of forty feet. Two twenty-foot containers or TEU's equal one FEU.

A capacity measurement equal to one-fourth of a barrel.

Costs that do not vary with the level of activity. Some fixed costs continue even if no cargo is carried. Terminal leases, rent and property taxes are fixed costs.

Federal Maritime Commission. The U.S. Governmental regulatory body responsible for administering maritime affairs including the tariff system, Freight Forwarder Licensing, enforcing the conditions of the Shipping Act and approving conference or other carrier agreements.

See Free On Board. See also Terms of Sale, FOB.

seller is responsible FOR the cost of placing the goods at A named point of exportation. Some European buyers use This Form when they actually mean FOB vessel.

seller is responsible FOR goods and preparation of export documentation until actually placed aboard the vessel.

The direction on a vessel parallel to the center line.

Under U.S. tax law, a corporation created to obtain tax exemption on part of the earnings of U.S. products in foreign markets. Must be set-up as a foreign corporation with an office outside the USA.

See Brokerage.

A receipt for goods issued by a carrier with an indication that the goods were damaged when received. Compare Clean Bill of Lading.

An astray shipment (a lost shipment that is found) sent to its proper destination without additional charge.

Cost of loading and unloading a vessel is borne by the charterer/shipper.

See Terms of Sale.

Cost of unloading a vessel is borne by the charterer.

That amount of time that a carrier's equipment may be used without incurring additional charges. (See Storage, Demurrage or Per Diem.)

A port designated by the government of a country for duty-free entry of any non-prohibited goods. Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and re-exported without duties.