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Trade Dictionary - F

FAK: Freight All Kinds

FAS: Freight Along Side. Seller quotes a price including delivery of the goods alongside the vessel

FF Freight Forwarder: Federally licensed (by FMC) company that handles documentation details and transportation for shippers of export cargo

FMC No.: Number assigned by government authorizing a freight forwarder to operate

FOB: Free on Board. A pricing term under which the seller must deliver the goods on board the ship at the point named at his own expense

Freight Cashier: Responsible for collection of freight/charges/release of cargo/release of B/Ls

Freight Claim: Formal letter with supporting documents, i.e., B/L D/R, temperature charge, etc., making claim against carrier for lost or damaged cargo.

Freight Collect: Payment due at destination (consignee)

Freighted B/L: A bill of lading that lists all charges relevant to cargo movement from origin to destination

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