Logistics terms F
FAK
FAK is the abbreviation for Freight All Kinds, i.e. general goods.
FAS
Free Alongside Ship (FAS) (agreed port of shipment). The transfer of costs and the transfer of risk take place at the moment the goods are delivered alongside the ship designated by the buyer, therefore before loading. The seller has fulfilled his delivery obligation at the moment he has delivered the goods alongside the ship designated and named by the buyer at the port of shipment. Alongside means at the waterside, for example with an inland vessel, or alongside on the quay of the port of shipment by truck.
FCA
FCA is the abbreviation for Free Carrier. The seller takes care of the goods with invoice, packaging, export licence, customs formalities on export and the costs up to delivery of the goods to the carrier (the transport company), as determined by the buyer and according to the mode of transport. The seller delivers the cleared goods and hands them over to the carrier named by the buyer at the place or point as agreed. If no exact point has been agreed, the seller can choose within the stipulated place or area where the transfer of liability takes place.
FCL
This abbreviation stands for Full Container Load. We speak of FCL when all goods in the container are on one B/L and therefore belong to one owner. It does not matter how full the container is. Payment is made for a full container.
Feeder
A feeder (lighter) is a small vessel into/out of which goods are transhipped from/into a large ship. The large ship usually does not have the ability to reach a river or canal. The first lighters were used in the time of the VOC ships, but the English variant of the name (Lighter) recurs in the Lighter Aboard Ship (LASH) ship type.
Feeder Service
A ship that transfers containers to a 'mother ship' for a sea voyage.
Feeder Vessel
A feeder vessel or feeder is a small vessel into or out of which goods are transhipped from or into a large ship. The large ship usually does not have the ability to reach a river or canal.
FERI (Fiche Electronique des Renseignements a l'Importation)
A number of countries in Africa, including the Democratic Republic of the Congo (Congo-Kinshasa), require a waiver document for all import cargo. For example, a FERI, or Fiche Electronique des Renseignements a l'Importation, is required for all shipments to the Democratic Republic of the Congo (Congo-Kinshasa). The authorities in the Democratic Republic of the Congo can thus be provided with information about the shipment, the shipper and the consignee as early as the 'pre-arrival phase'. Waivers contain the following information: name of the shipper and consignee, method of shipment, description and value of the goods, name of the ship and the freight costs. The waivers must be in the hands of the receiving authorities before the ship arrives. Each country has its own regulations regarding waiver documentation and often also gives a different name per country. The ports in the Democratic Republic of the Congo for which a FERI is required are: Matadi, Kinshasa, Lubumbashi and Boma.
FILO
With FILO (Free In/Liner Out), loading on board the ship is not included in the freight price. The unloading at destination, on the other hand, is. In this case, the shipper himself must pay separately for the loading of the goods into the ship.
FIOS
With FIOS (Free In Out and Stowed), the freight price covers only the actual transport. The loading, the unloading or the stowing of the goods in the ship is not included in the freight price. These costs must be paid separately by the shipper and the consignee.
FIOT
With FIOT (Free In Out and Trimmed), the freight price covers only the actual transport. The loading, unloading or trimming of the goods in the ship is not included in the freight price. These costs must be paid separately by the shipper and the consignee.
FIS
This abbreviation stands for Fairway Information Service. This is a system of Rijkswaterstaat in cooperation with other waterway managers (provinces, water boards, port authorities) in which all waterway information is housed.
Fiscal representation
When clearing goods on import, we can act for European non-Dutch firms. Since the VAT on import must be reverse-charged to a non-Dutch VAT number, a special customs procedure must be followed in which we act as fiscal representative. Before this procedure can be started, the foreign principal must authorise the freight forwarder in writing. Fiscal representation only concerns a representation for the turnover tax owed on import. For this representation you need a licence from the Tax Authorities. With fiscal representation, the representative must be established in the Netherlands. The represented party must be established in another EU country or in a country outside the EU.
Flat Rack
Flat Rack containers are suitable for the transport of goods that cannot be transported in a standard container. The Flat Rack containers can have folding and collapsible end walls for better and faster handling at the terminals.
FLEGT licence
FLEGT stands for Forest Law Enforcement, Governance and Trade. For the import of a number of types of wood, wood products, paper and pulp from, for example, Indonesia, an additional licence is required. You may only import these goods with a FLEGT licence.
Flexibag
A flexibag is a plastic bag that can be hung in a standard 20ft, 40ft or reefer, or even loaded onto a truck. The flexibag is a good alternative to tank containers, ISO tanks, drums and other packaging options for non-dangerous liquids or non-dangerous powder. The flexibag has countless possibilities. Depending on the cargo, the flexibag can be placed in a frame or (temporarily) adapted. The size of the flexibag is between 10,000 and 28,000 litres. The volume depends greatly on the density of the liquid to be transported. The weight to be loaded may not exceed 25 tons.
Flexitank
A flexitank is a large 'bag' for the transport of liquid that is built into a 20ft or 40ft box container. Flexitanks are used to reduce the transport costs for bulk goods (both solid and liquid). This ranges from large volumes of non-dangerous chemicals to foodstuffs. These flexitanks are installed in 20ft or 40ft containers and are economically more advantageous than, for example, the use of tank containers.
FLT
FLT is the abbreviation of Full Liner Terms; these are the conditions for the carriage of goods by sea. They express what is and what is not included in the freight price, and this from the point of view of the shipping line. With Full Liner Terms, both the loading, the lashing, the possible trimming and the transport itself, as well as the unloading of the cargo, are included in the freight price.
FOB
Free on Board (FOB) (agreed port of shipment). The transfer of costs takes place after placement of the goods on board the ship at the port of shipment, that is to say after the goods have been loaded. The transfer of risk also takes place at that moment. The seller has fulfilled his delivery obligation when the goods have been placed/loaded on board the ship designated and named by the buyer at the port of shipment.
Form A
A Form A certificate is a written proof of origin for trade goods originating from certain developing countries with which a discount or exemption on import duties can be obtained.
Forwarder
See Freight Forwarder.
Free Alongside Ship
FAS (Free Alongside Ship) (agreed port of shipment). The transfer of costs and the transfer of risk take place at the moment the goods are delivered alongside the ship designated by the buyer, therefore before loading. The seller has fulfilled his delivery obligation at the moment he has delivered the goods alongside the ship designated and named by the buyer at the port of shipment. Alongside means at the waterside, for example with an inland vessel, or alongside on the quay of the port of shipment by truck.
Free carrier
Free carrier: the seller takes care of the goods with invoice, packaging, export licence, customs formalities on export and costs up to delivery of the goods to the carrier (the transport company), as determined by the buyer and according to the mode of transport. The seller delivers the cleared goods and hands them over to the carrier named by the buyer at the place or point as agreed. If no exact point has been agreed, the seller can choose within the stipulated place or area where the transfer of liability takes place.
Free on board
FOB or Free on Board (agreed port of shipment). The transfer of costs takes place after placement of the goods on board the ship at the port of shipment, that is to say after the goods have been loaded. The transfer of risk also takes place at that moment. The seller has fulfilled his delivery obligation when the goods have been placed/loaded on board the ship designated and named by the buyer at the port of shipment.
Free on Truck
FOT means Free on Truck and refers to goods transported by truck. This incoterm may only be used if the transport of the goods is carried out by truck. The risk of loss or damage passes to the buyer as soon as the goods are loaded onto the truck.
Free time
1. When bringing or collecting goods in a container, the consignee/sender is usually given two hours to load or unload the container. If this loading or unloading takes longer, waiting time costs are often charged. 2. The amount of time that a container may stand at a terminal without additional costs. This free time is often between three and seven days, after which demurrage must be paid.
Freight Collect
Freight collect is a sea freight that is payable at destination. The shipping line's agent will collect the freight at the port of destination before the goods are released to the holder of the original bill of lading.
Freight forwarder
Anyone who wants to have goods transported internationally wants to be sure that they reach the place of destination in the same good condition. There is more to this than one might think. The freight forwarder, as a logistics service provider, is the expert who can take this on for his principal. He solves logistical problems and knows the opaque transport market. Many factors play a role in the search for the most optimal logistical solutions for the transport of goods. Mode of transport, speed, type of goods, place of departure, destination, trade and customs regulations, costs etc., can also be decisive for the question of whether a product can compete on the world market with other products. The freight forwarder has been operating successfully in the international logistics market for years as a spider in the web. He concludes contracts of carriage with carriers on behalf of his principal/shipper who wants to have his goods transported. He is independent in doing so. The strength of the freight forwarder is his knowledge and skill of the complex transport market.
Freight Forwarder
The party that arranges the transport of goods, including associated services and / or related formalities on behalf of a shipper or a consignee.
Freight Prepaid
Freight Prepaid is a sea freight that is payable in advance at the port of departure, therefore before the sea transport begins.
Freight price
The freight price is the price for transporting the goods to the desired destination.
Frustration
Charterers can cancel a contract of affreightment citing the 'doctrine of frustration'. This can be extreme delay, damage to the ship, et cetera.
FTKS
Freight in tonne kilometres.
Fuel surcharge
Besides personnel, diesel is the largest cost item of a road haulier. In order not to have to adjust the existing price agreements every month, it was decided to charge a percentage fuel surcharge on the transport prices. This percentage is agreed in advance and may change monthly.
Fuel surcharge
Besides personnel, diesel is the largest cost item of a road haulier. For several years, the diesel price rose to unprecedented heights and it still experiences severe price fluctuations. In order not to have to adjust the existing price agreements every month, it was decided to charge a percentage fuel surcharge on the transport prices. This percentage is agreed in advance and may change monthly.
Full Container Load
We speak of Full Container Load (FCL) when all goods in the container are on one B/L and therefore belong to one owner. It does not matter how full the container is. Payment is made for a full container.
Fumigation
Fumigated packaging materials are treated in such a way that all pests have been eradicated. They are also provided with a stamp and a certificate. A fumigation certificate is only issued if there are also a proper invoice and bill of lading instructions. Without the correct certificates and packaging materials, you can get into serious trouble, for example high additional storage costs or confiscation of goods. All destruction costs are charged back and are therefore for the account of the shipper. Because of pests that can lodge in wood, many countries require fumigated packaging materials for imported goods.
FYCO
FYCO stands for Physical Inspection, also known as code red. Carrying out a physical inspection is a customs task. The purpose of a physical inspection is to check the container contents for discrepancies against customs documents and compliance with the import rules applicable to the transport. Failure to comply with import rules entails sanctions established by the local authorities. The regulations for import depend on a number of factors such as origin, type of good, country of destination, use of the good but also local economy. A FYCO is often accompanied by delay on the transport route and additional costs. The costs for a physical inspection are paid by the customer or importer of the goods.
