Abbreviations & Definitions
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Fahrenheit; Fresh water load line mark 
F & D  Freight and demurrage 
F or FCSL  Forecastle 
F or FWD  Forward 
F&C  Full and complete 
F&D  Freight and demmurrage 
F.DESP (FD)  Free DESPatch 
F/DA  Free disbursement Account 
F/N  Fixing Note 
F/R  Freight release 
FA  Free Alongside 
FAC  Fast as can 
FACCOP  Fast As Can, According to Custom of Port 
Factor  A factor is an agent who will, at a discount (usually five to 8% of the gross), buy receivables. 
Factory Stern Trawler  A stern trawler fitted out with a factory for refrigerating, processing and possibly canning 
FAF  Fuel adjustment factor 
Fahrenheit degrees (F)  A temperature scale according to which water boils at 212 and freezes at 32 Fahrenheit degrees convert to Centigrade degrees (C) by the following formula: (F-32)1.8= C. 
FAK  Freight All Kinds (containtainers) 
FAL  Convention on Facilitation of International Maritime Traffic 
FAL  Facilitation Committee 
fall foul of  Foul is an often used nautical term generally meaning entangled or impeded. An anchor tangled in line or cable is said to be a foul anchor. A foul berth is caused by another vessel anchoring too close wherein the risk of collision exists. A foul bottom offers poor holding for anchors 
False Billing  Misrepresenting freight or weight on shipping documents. 
FAME  Fatty Acid Methyl Esters (FAME), sometimes referred to as Vegetable Oil Methyl Esters (VOME), are used as transportation biofuels in varying proportions with diesel and as feed for the production of natural fatty alcohols. They are obtained by esterification of the oils with an alcohol (methanol). 
FAOP  full away on passage 
FAQ  Fair average quality 
FAS  Free Alongside Ship (named port of shipment)
The seller must place the goods alongside the ship at the named port. The seller must clear the goods for export. Suitable only for maritime transport but NOT for multimodal sea transport in containers (see Incoterms 2010, ICC publication 715). This term is typically used for heavy-lift or bulk cargo.

The four rules defined by Incoterms 2010 for international trade where transportation is entirely conducted by water are: FAS, FOB, CFR, CIF 
FAS (Free Alongside Ship) (...Named Port of Shipment)  A Term of Sale which means the seller fulfills his obligation to deliver when the goods have been placed along- side the vessel on the quay or in lighters at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that mo- ment. 
Fat  A chemical unit resulting from the chemical combination or esterification of one unit of glycerine with three units of fatty acids. The special ester thus formed is a ""triglyceride"". A natural fat is a mixture of different triglycerides and may contain small quantities of mono- and diglycerides and fatty acids along with small amounts of other oil-soluble constituents. When referring to a fat, under normal ambient temperatures, the product would be in semi-solid form. 
Fat Splitting  Fats and oils are triglycerides which are split on hydrolysis to give glycerol and a mixture of fatty acids. The process is usually carried out with steam at high temperature and pressure (e.g. 260°C and 55 bar). Triglyceride + Water ? Glycerol + Fatty Acids The process is reversible, hence an excess of water is required to ensure that hydrolysis is the major reaction. The glycerol produced is approximately of 13-15% concentration. This process opens the gateway to the oleochemical field. 
Fathom  A nautical measure equal to six feet, used to measure the depth of water at sea. The word was also used to describe taking the measure or “to fathom” something. Today when one is trying to figure something out, they are trying to fathom it or get to the bottom of it. 
Fats (and Oils)  Fats and oils are essentially similar in composition and synonymous. They are substances produced by plant and animal life, mainly as an energy store. However, certain components of fats perform essential metabolic functions. Many seeds are rich in fats, palm kernels for example containing about 50%. The fats in seeds are used to nourish the seedling plants in the early stages of growth. Animals lay down fat deposits as a food supply for times of shortage. Such deposits are usually in a layer under the skin. Fat is also laid down by pregnant females and is used up in producing milk for the young. Fat deposits are also laid down specifically surrounding the vital organs, such as the kidney and liver, to act as an insulation and protection. To the chemist, fats are esters of glycerol with fatty acids. Each glycerol molecule combines with three fatty acids, which are usually different. The physical nature of fats is that they are immiscible with water, but dissolve in many organic solvents. 
Fatty Acid  A long chain (usually aliphatic) organic acid 
Fatty Acid Derivatives  Using fatty acids as starting materials, the oleochemicals industry makes mainly fatty alcohols, esters, amines, amides and soaps as derivatives. These compounds are often reacted further to produce a very wide range of chemicals for consumer or industrial use. 
Fatty Acid Fractionation  Fatty acids which have been "split" from triglycerides or hydrolysed can effectively be separated according to chain length, by distillation under vacuum, as their volatility varies. This is known as fractional distillation. For example, palmitic acid (C16:0) can be separated from stearic acid (C18:0). Fatty acids can also be fractionated in ways similar to those for edible oils, to separate the more saturated fatty acids from the more unsaturated. For example, a mixture of tallow fatty acids can be fractionated using detergent solution or by low temperature solvent fractionation, to yield commercial stearic acid and commercial oleic acid. The fatty acid fractions are often referred to as "stearine" and "oleine" rather than "stearin" and "olein", these terms being reserved for triglyceride fractions. 
Fatty Acids  Alkanoic and alkenoic acids are saturated or unsaturated organic acids generally having an unbranched chain of an even number of carbon atoms. They are major components of most lipids and are primarily obtained directly from animal or vegetable sources. Primary markets for fatty acids include greases and lubricants, rubber, soaps and detergents, plastics, cosmetics and toiletries, foods and emulsifiers, paper chemicals, and paints and coatings. 
Fatty Alcohol  Fatty alcohol is derived from fatty acids. Two main routes are used to obtain fatty alcohols commercially - a. hydrogenolysis of either fats or fatty acids, usually as the methyl ester, and b. reduction of fatty esters with an alcohol and alkali metal (as catalyst). Lauryl and tallow alcohols are commonly used for surfactants. 
Fatty Alcohols  Medium- and long-chain alcohols related to the fatty acids that occur naturally in lauric oils and wax esters are produced commercially by the catalytic reduction of the acids or their methyl esters. Fatty alcohols (C12 and up) are vital components of surfactants used in personal care products. When reacted with ethylene oxide, fatty alcohols give polyoxyethylene derivatives, and both may also be used as sulfates. Hydrogenoloysis of methyl ester, free acid or wax ester all yield fatty alcohols from lauric oils, tallow or palm stearin. 
Fatty Amines  Fatty amines are useful fatty acid derivatives for cationic surfactants. All cationics modify surfaces, especially textile surfaces, which makes them useful as fabric softeners, dye fixatives or water repellents. They are also useful in ore flotation, corrosion inhibition and lubrication. 
Fatty Matter  This term is used by the analytical chemist to describe the fatty component of a complex food such as milk, meat, cake or seeds. Fatty matter is usually measured by weight after a suitable extraction procedure. 
FB  Ferry boat 
FBD  Freeboard. the freeboard of a ship is the distance above the waterline and represents a margin of safety for vessel loading. 
FBL FIATA  Combined transport bill of lading 
FBM  Foor board measure 
FBP  Final boiling point. 
FBT  Flatbed trailer 
FC  Fund Convention (for oil pollution damage) 
FC/LCL  One shipper/more than one receiverFrowa 
FCA  Free Carrier (named place of delivery)
The seller hands over the goods, cleared for export, into the disposal of the first carrier (named by the buyer) at the named place. The seller pays for carriage to the named point of delivery, and risk passes when the goods are handed over to the first carrier.

Incoterms 2010 
FCA  First Carrier or Free to Carrier or Fellow Chartered Accountant  
FCA (Free Carrier) (... Named Place)  A Term of Sale which means the seller fulfills their obligation when he or she has handed over the goods, cleared for export, into the charge of the carrier named by the buyer at the named place or point. If no precise point is indicated by the buyer, the seller may choose, within the place or range stipulated, where the carrier should take the goods into their charge. 
FCAR  Free of claim for accident reported 
FCC  Full & Complete Cargo 
FCC  First Class Charterers 
FCL  Full container load 
FCR  Floating Crane or Forwarder's Certificate of Receipt 
FCS  Fresh of capture and seizure 
FCSRCC  Free of capture seizure riots and civilcommotions 
FCSSS  For Christ’s sake say something 
FD  Free Discharge (cost) or Free Delivery or Free Dispatch 
FD or FDESP  Free dispatch 
FD&D  Freight Demurrage & Deadfreight 
FDA  United States Food and Drug Administration 
FDA  Final Disbursement Account 
FDD  Freight Demurrage Defence (P&I) 
FDEDANRSAOCLONL  Freight Deemed Earned Discountless and Non-Refundable Ship and or Cargo Lost Or Not Lost 
FDEOCL  Freight deemed earned on completion loading 
FDEOSSAOCLONL  Freight Deemed Earned on Shipment Ship and or Cargo Lost or Not Lost 
FDESP  Free Dispatch 
FDIS  Free Discharge 
FEAST  Far East 
FEDES  European Flexible Packaging Federation 
Feeder Service  Cargo to/from regional ports are transferred to/from a central hub port for a long–haul ocean voy- age. 
Feeder Vessel  A short–sea vessel which transfers cargo between a central “hub” port and smaller “spoke” ports. 
Feedermax Vessel  a cellular containership that holds about 500 to 1,000 TEUs 
Feedstock  A product of oil or gas processing suitable for charging to (introduction into) an upgrading unit for further refining or transformation. In general, each stage of hydrocarbon processing regards the material, it receives for alteration as its feedstock and what it makes of that material as it product. A reformer, for instance, takes naphtha as its feedstock and yields reformat, its product. Reformate, in turn, serves as the feedstock for an aromatics extraction unit which isolates benzene, its product. The feedstock business deals in those partially refined petroleum streams (intermediates) and gas plant products processed by refinery units and basic petrochemical plants. 
Feedstock  Raw material used in a processing plant. The most important feedstock for the European petrochemical industry is naphtha. 
FEFC  Far East Freight Conference 
FEICA  Association of European Adhesives Manufacturers, an affiliate of Cefic. 
FEISYP  European Federation of Associations of Particle Board Manufacturers 
FERTICON  Fertilliser charter party 
Fertilizer  Substance that adds inorganic or organic plant nutrients to soil and improves its ability to grow crops, trees, or other vegetation. 
FERTS  Fertilizers 
FEU  Forty foot equivalent unit. This is an 40 X 8 X 8.5 feet dry cargo intermodal container used as a measurement of container volume. See also TEU, twenty-foot equivalent-unit. One FEU equals two TEU. 
FFA  Free From Average or Free From Alongside 
FFA  Fat Free Acid or Fire Fighting Appliances  
FFA  Freight Future Agreement 
FFB  Fresh Fruit Bunch. The initials stand for "fresh fruit bunch" and refer to the bunch as harvested from the oil palm. Each bunch weighs 10-20 kg and may contain 1500 or more individual fruits. Calculation of oil yield and losses in the oil mill is often referred to the fresh fruit bunch, as this is the material taken in for processing. 
FFE  Fire Fighting Equipment 
FFI  For further instructions 
FFXD  Fully fixed 
FGF  Fully godd fair 
FH  First Half or Fore-hatch 
FHEX  Fridays & holidays excluded 
FHINC  Fridays & holidays included 
FIA  Full interest admitted 
FIB  Free Into Barge or Free Into Bunkers 
Fiberglass  See Unsaturated polyester resins 
FICS  Fellow of The Institute of Chartered Shipbrokers 
FiFI  Fire Fighting 
FiFi 1  FiFi 1 is the lowest category, and the minimum requirements include two monitors, one to two fire pumps and water pumping capacity of 10,569 gpm. Additional firefighting equipment often includes water deluge spraying systems. 
FiFi 2  FiFi 2 rating requires two to four monitors, up to four fire pumps and total pumping capacity of 31,704 gpm. Additional firefighting equipment often includes water deluge spraying systems and high-expansion foam generators. 
FiFi 3  FiFi 3 vessels must have three to four monitors and two to four fire pumps capable of supplying a total 42,272 gpm. Additional firefighting equipment often includes water deluge spraying systems, high-expansion foam generators and foam monitors. 
FIFO  First In First Out 
Fifth Wheel  The semi–circular steel coupling device mounted on a tractor which engages and locks with a chassis semi–trailer. 
Figurehead  An ornamental figure placed on the front of a ship, under the bowsprit. Originally a religious and/or protective emblem. The custom continued but for purely decorative purposes. Hence the term figurehead – a leader with no real power or function except to ‘look good’ or appeal to a certain group. 
FILO  Free In Liner Out 
FILTD  Free in, liner terms discharge 
Filtration  Filtration refers to the separation of a component from another using a screening material or sieve such as paper, steel mesh or cloth. In the oils and fats industry, filtration is used to remove - a. bleaching earth and impurities from the bleached oil in refining; b. catalyst from the hydrogenated fat in hydrogenation; c. crystals from an oil slurry in fractionation, and d. the last trace of solids in a refined oil. This operation is referred to as ""polishing"" and gives a sparkling clear liquid. 
Final boiling point  The temperature where a natural material or fraction finishes boiling. This temperature also goes by the name, end point. Some folks use the phrase " full boiling point." This expression has fallen into disfavor, though. It implies complete evaporation of the material in question--a degree of perfection not ordinarily achieved, or even sought, in the industry's laboratories and commercial facilities. 
Finished gasoline  Motor gasoline which meets the merchantability standards of a particular market. These specification fuels differ from blendstocks called gasoline which require the addition of other components to make it fit for retail sale in one country or another. 
Finishing component  Ingredients added to gasoline blends in small amounts to adjust the mixture to motor fuel standards. Finishing components include toluene and MTBE. 
FIO  Free In and Out 
FIOLS  Free in and out, lashed and secured 
FIOS  Free In and Out Plus Stowed 
FIOSLSD  Free In/Out Stowed, Lashed, Secured and Dunnaged. As per FIO, but includes cost of lashing securing and dunnaging cargo to Masters satisfaction 
FIOSpT  Free in and out, spout trimmed 
FIOST  Free In and Out Plus Stowed and Trimmed 
FIOT  Free In and Out Plus Trimmed 
Fire Fighting Vessel  A vessel equipped for the primary function of fighting fires 
Fire Point  The temperature at which an oil sample, when heated under prescribed conditions, will ignite for a period of at least five seconds. 
Firkin  A capacity measurement equal to one–fourth of a barrel. 
Firm indication  A suggestion from a prospective buyer or seller feeling his way toward a possible deal. Firm indications carry more weight than the initial indications casually given in routine conversation. But they do not constitute an offer. They show distinct interest but do not carry any specific obligations. 
First Rate  Implies excellence. From the 16th century on until steam powered ships took over, British naval ships were rated as to the number of heavy cannon they carried. A ship of 100 or more guns was a First Rate line-of-battle ship. Second rates carried 90 to 98 guns; Third Rates, 64 to 89 guns; Fourth Rates, 50 to 60 guns. Frigates carrying 48 to 20 guns were fifth and sixth rated. 
Fish Carrier  A refrigerated cargo vessel for the carriage of fish at a single temperature 
Fish Factory Ship  A vessel fitted out with a factory for refrigerating, processing and possibly canning. The catch is from other vessels 
Fish Farm Support Vessel  A vessel for the support of fish farming activities 
Fish Storage Barge, non propelled  A non propelled barge for the storage of live fish 
Fishery Patrol Vessel  A vessel for the protection of fish stocks and fishing vessels 
Fishery Research Vessel  A vessel for research into fish stocks and conservation. The vessel may catch fish for scientific purposes 
Fishery Support Vessel  A vessel for supporting fishing activities 
Fishing Vessel  A vessel for catching fish whose method is other than trawling. Includes long liners, purse seiners etc 
Fishing, Inland Waterways  A vessel used for fishing. Not designed for operation in open sea 
FISLO  Free stowed liner out 
FISLSD/LO  Free in, stowed, lashed, secured and dunnaged /liner out 
FIT  Free In Trimmed OR Free of income tax 
Fits the Bill  A Bill of Lading was signed by the ship’s master acknowledging receipt of specified goods and the promise to deliver them to their destination in the same condition. Upon delivery, the goods were checked against the bill to see if all was in order. If so, they fit the bill. 
FIW  Free in Wagon 
Fix  When a shipowner and charterer make a deal, they say they have "fixed" a ship. They have settled all of the issues including the price, to employ the vessel. 
Fixed Costs  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. 
Fixed price  The oil trade speaks of prices quoted in absolute figures, like $157 per ton and 44.875 cents per gallon, as fixed prices these numbers, and the transactions (called fixed-price deals) which use them, do not move with any price business in recent years. 
FIXING  Chartering a Vessel 
FIXTURE  Agreement of contract for transportation 
Flag  Flag of the country where a ship is registered. 
Flaking  A process used when extracting oil from seeds. The cooked seeds are usually passed through pairs of rolls which break them down and flatten them to a uniform thickness suitable for efficient solvent extraction. 
Flame Extension  The distance a flame will travel from the aerosol container when exposed to an ignition source 
Flammable liquid  A liquid that has a flash point of 60.5°C (141°F) or lower. 
FLASH  Feeder lighter aboard ship 
Flash point  The lowest temperature at which a liquid gives off sufficient vapour to form a flammable mixture near the surface of the liquid. 
Flash point  The temperature at which a hydrocarbon releases vapors in sufficient quantity to permit combustion. 
Flash Point Limit Test  ISO 15267 - Method to determine whether a sample of oil or fat at a given temperature will flash when a test flame is applied to the sample under specified conditions. 
Flash Point/Flammable Range  Tank cleaning: The flashpoint is the lowest temperature at which a product gives off sufficient gas to form a flammable gas mixture that can be ignited. The pre-cleaning temperature must be well below the flashpoint. If this is not possible, avoid any ignition source.  
Flat Car  A rail car without a roof and walls. 
Flat Rack/Flat Bed Container  A container with no sides and frame members at the front and rear. Container can be loaded from the sides and top. 
FLATPACKING  Cargo to be presented stacked and secured as an integral unit. 
Flexibility  The degree to which a processing unit can make a desired product from various feed stocks. The term applies particularly to steam crackers. Some such plants can produce ethylene from a range of hydrocarbon streams spanning ethane to vacuum gasoil. Other units have less flexibility. 
FLG  Flag 
Floating Dock  A submersible unit constructed and fitted out to dry dock ships whilst afloat. 
Floating price  A price tied to some sensitive reference quotation. The oil business took this approach when market volatility made fixed-price deals too risky. In the late 1980's the majority of crude and products deals which involve any substantial time exposure use market-linked prices. One grade of crude floats with published quotes for another. Feedstock floats with finished products. Fuel sold in supply regions float with price levels at consumption points. Physical material floats with price levels at consumption points. Physical materials floats with futures exchange reports. And so forth. 
Flocculant  Flocculants are products used in waste treatment to separate unwanted components from water and sludge. 
Flotsam and Jetsam  These are legal terms in maritime law. Flotsam is any part of the wreckage of a ship or her cargo that is lost by accident and found floating on the surface of the water. Jetsam are goods or equipment deliberately thrown overboard to make the ship more stable in high winds or heavy seas. The term flotsam and jetsam shore-side means odds and ends of no great value. 
FLT  Full liner terms; forklift truck 
Fluid coker  A coking unit (coker) which makes coke in powdery, free-flowing form. 
Flux  Rate of material flow. Some refiners use this word when discussing the fluidity or viscosity of petroleum products, particularly heavy ones. 
Fluxant  Rate of materials flow faster or at lower temperatures. 
FLWG  Following 
FLWS  Follows 
Fly-by-Night  A large sail used only for sailing downwind and requiring rather little attention. 
Flying Colours  To come through a battle with flying colours means a ship has come through relatively unscathed and with her colours (flag) flying. 
FM  Fine-measurement or From 
FMC  Federal Maritime Commission (USA) 
FMS  Fathoms 
FMSS  Full Mission Shiphandling Simulator 
FO  Fuel oil or Free overside or Firm offer or For orders or Full our terms 
FO  Free out 
FO  Free on Board means that the seller fulfills his obligation to deliver when the goods have passed over the ship's rail (vessel's flange for tankers) at the named port of shipment. This means that the buyer has to bear all costs and risks of loss or damage 
FOA  Fob airport 
FOB  Free on Board (named port of shipment)
The seller must load themselves the goods on board the vessel nominated by the buyer. Cost and risk are divided when the goods are actually on board of the vessel (this rule is new!). The seller must clear the goods for export. The term is applicable for maritime and inland waterway transport only but NOT for multimodal sea transport in containers (see Incoterms 2010, ICC publication 715). The buyer must instruct the seller the details of the vessel and the port where the goods are to be loaded, and there is no reference to, or provision for, the use of a carrier or forwarder. This term has been greatly misused over the last three decades ever since Incoterms 1980 explained that FCA should be used for container shipments.

The four rules defined by Incoterms 2010 for international trade where transportation is entirely conducted by water are: FAS, FOB, CFR, CIF 
FOB (Free On Board) (...Named Port of Shipment)  An International Term of Sale that means the seller fulfills his or her obligation to deliver when the goods have passed over the ship’s rail at the named port of shipment. This means that the buyer has to bear all costs and risks to loss of or damage to the goods from that point. The FOB term re- quires the seller to clear the goods for export. (Note: The U.S. Government sometimes uses a made–up term “FOB Destination” to require the seller to take responsibility for delivering the goods at destination rather than the correct Incoterm of DDP.) 
FOBS  Free on board and stowed 
FOBT  Free On Board and Trimmed 
FOC  Free of Conveyance or Free of Charge or Flag of Convenience or Free of Cargo 
FOD  Free of damage 
FOFFER  Firm Offer 
FOG  For Our Guidance 
FOL  Free On Lighter or Following 
FOM  Flag, ownership and management 
FONASBA  Federation of National Association of Shipbrokers and Agents 
FONSABA  The Federation of National Shipbrokers abd Agents 
Footloose  The bottom portion of a sail is called the foot. If it is not secured, it is footloose and it dances randomly in the wind. 
Foots  Visible Foots - The insoluble matter in crude fats and oils, together with occluded oil, which settles at 10-20 degrees C above the melting point of the fat or oil. Sediment - That part of the insoluble matter in a crude fat or oil which can be centrifugally separated and is the total amount of the unclear layer of components collected at the bottom of the measuring cell after centrifuging. The sediment contains, for example, phospholipids, impurities and dirt, usually dispersed in a water-containing phase. (Note: ISO 15301 - Determination of Sediment in Crude Fats and Oils - Centrifuge Method). 
FOQ  Free on quay 
FOR  Free On Rail (named points=Incoterms) 
Force Majeure  Clause limiting responsibilities of the charterers, shippers and receivers due to events beyond their control 
Fore  Toward or at forward most area of a ship. 
Fore and Aft  The direction on a vessel parallel to the center line. 
Foreign Sales Corporation  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. 
Foreign Trade Zone  A free port in a country divorced from Customs authority but under government control. Merchan- dise, except that which is prohibited, may be stored in the zone without being subject to import duty regulations. 
Fork Lift  A machine used to pick up and move goods loaded on pallets or skids. 
Formaldehyde  An organic compound, the lowest in the chain of the aliphatic aldehydes, used in large amounts in a variety of chemical manufacturing processes. It is produced principally by the vapor-phase oxidation of methanol. Large quantities of formaldehyde are used in the manufacture of phenol-, urea- and melamine-formaldehyde resins, or formaldehyde polymers (acetal-resins), and polyurethane plastics. 
Formul8  Polyurethane foam formulation software 
Forward Perpendicular  Ship Stability: Usually established at the intersection of the design waterline and the vessels stem on the bow. 
Forwarder Compensation  See Brokerage. 
FOS  Free on ship 
FOSC  Federal On-Scene Commander 
FOSFA  Federation of Oils, Seeds and Fats Associations Ltd. 
Fossil fuel  A general term for buried combustible geologic deposits of organic materials occurring within the Earth's crust, that can be used as a source of energy. They all contain carbon and were formed as a result of geologic processes from decayed plants and animals that have been converted to crude oil, coal, natural gas, or heavy oils hundreds of millions of years ago. 
FOT  Free on Truck or Free on Train 
Foul Bill of Lading  A receipt for goods issued by a carrier with an indication that the goods were damaged when received. Compare Clean Bill of Lading. 
Four–Way Pallet  A pallet designed so that the forks of a fork lift truck can be inserted from all four sides. See Fork lift. 
FOW  First Open Water or Free on Waggon or Free on Wharf 
FP  Flash point; Fore Peak; Free Pratique 
FPA  Free of particular average 
FPPI  Foreign Principal Party of Interest. The party to whom final delivery or end use of the exported goods will be made, usually the buyer. 
FPSO  Floating Production Storage and Offloading 
FPSO, Gas  A vessel with the capability to control production rates from an gas field and to store gas produced prior to its transfer to another vessel for transportation. May be self or non propelled 
FPSO, Oil  A vessel with the capability to control production rates from an oilfield and to store oil produced prior to its transfer to another vessel for transportation. May be self or non propelled 
FPT  Fore peak tank 
FR  France or Francs or Freight or Flat Rack (container) 
FR or FRGHT or FRT  Freight 
FR&CC  Free of riot and civil commotion 
Fraction  In the oil industry, fraction refers to one of the portions of fractional distillation having a restricted boiling range. 
Fractionating tower  Distillation column. 
Fractionation  Division of a hydrocarbon mixture according to the boiling temperature of its component molecules. This general term describes both distillation, which puts heat into mixtures to separate them, and cooling techniques which work by heat removal. 
Fractionation  Fractionation involves the separation of an oil or fat into two or more fractions. The oil is cooled under controlled conditions and the fractions separated by filtration or centrifugation. Fractionation of a fat is made possible by the solubility differences of the component triglycerides arising from the structural differences of their fatty acids, chain length, degree and type of unsaturation. 
Fractions  Part of a hydrocarbon mixture isolated according to the temperature where it evaporates. Distillation units ordinarily divide a combination of liquid hydrocarbons, such as crude oil or the output stream of a cracker, by sorting its molecules into portions with different boiling ranges. These parts, or fractions, also go by the name, cuts. The bottom and top temperatures of a fraction sometimes serve as its designation, as in 180-330 fraction. 
FRC  Free carrier (Incoterms) 
Free Alongside (FAS)  The seller must deliver the goods to a pier and place them within reach of the ship’s loading equip- ment. See Terms of Sale. 
Free Astray  An astray shipment (a lost shipment that is found) sent to its proper destination without additional charge. 
Free Carrier (FCA)  An Incoterm of sale meaning the seller has delivered when the cargo is given to the carrier nominated by the buyer at the named place. 
FREE DESPATCH  If loading/discharging achieved sooner than agreed, there will be no freight money returned. 
Free Ex Ins  FREE of any EXtra INSurance (Owners) 
Free In and Out (FIO)  Cost of loading and unloading a vessel is borne by the charterer/shipper. 
Free In/Out and Trimmed  Charterer pays for cost of FIOST loading/discharging cargo, including stowage and trimming. 
Free of Particular Average (FPA)  A marine insurance term meaning that the assurer will not allow payment for partial loss or damage to cargo shipments except in certain circumstances, such as stranding, sinking, collision or fire. 
Free on Board (FOB – U.S. Domestic Use)  Shipped under a rate that includes costs of delivery to and the loading onto a carrier at a specified point.

• FOB Freight Allowed: The same as FOB named inland carrier, except the buyer pays the transportation charge and the seller reduces the invoice by a like amount.
• FOB Freight Prepaid: The same as FOB named inland carrier, except the seller pays the freight charges of the inland carrier.
• FOB Named Point of Exportation: 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.
• FOB Vessel: Seller is responsible for goods and preparation of export documentation until actually placed aboard the vessel.
Free on Board (Int’l Use)  See Terms of Sale. 
FREE OUT  Free of discharge costs to owners. Includes sea freight only. 
Free Out (FO)  Cost of unloading a vessel is borne by the charterer. 
Free Port  A restricted area at a seaport for the handling of duty–exempted import goods. Also called a Foreign Trade Zone. 
Free Pratique  Permission given to a ship to use a port after it has been certified free of disease, in compliance with port state control, local authorities and other regulatory bodies. 
Free Sale Certificate  The U.S. government does not issue certificates of free sale. However, the Food and Drug Administra- tion, Silver Spring, Maryland, will issue, upon request, a letter of comment to the U.S. manufacturers whose products are subject to the Federal Food, Drug and Cosmetic Act or other acts administered by the agency. The letter can take the place of the certificate. 
Free Time  That amount of time that a carrier’s equipment may be used without incurring additional charges. (See Storage, Demurrage or Per Diem.) 
Free to Carrier  A modern equivalent of FAS used in FCA intermeddle transport where goods are transferred at a nominated forwarder premises, depot or terminal but not actually put on board vessel. 
Free Trade Zone  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. 
Freezing point  The temperature where aviation kerosene must remain free of wax crystals. These particles can clog jet engine fuel filters and nozzles. This specification, therefore, indicates the suitability of kerosene for propelling aeroplanes into the cold air at high altitudes. 
Freight  Refers to either the cargo carried or the charges assessed for carriage of the cargo. 
Freight Bill  A document issued by the carrier based on the bill of lading and other information; used to account for a shipment operationally, statistically, and financially.An Invoice. 
Freight Forwarder  A person whose business is to act as an agent on behalf of the shipper. A freight forwarder frequently makes the booking reservation. In the United States, freight forwarders are now licensed by the FMC as “Ocean Intermediaries.” 
Freighters  Breakbulk vessels both refrigerated and unrefrigerated, containerships, partial containerships, roll-on/roll-off vessels, and barge carriers. A general cargo vessel de- signed to carry heterogeneous mark and count cargoes. 
FREQ  Frequency 
Fresh Water Replenishment  Whereby a vessel loads a quantity of Fresh Water from a barge or lighter for consumption by the vessel and her assigned personnel. 
Frigate  A combat vessel, usually of 4,000 to 9,000 displacement tons, that is larger than a destroyer and smaller than a cruiser, used primarily for escort duty 
FRISCO  San Francisco 
From Stern to Stern  From the front of a ship to the back. Now describes something in its entirety. 
Fronthaul  cargo that is carried on the trip out vs. return trip, opposite of backhaul 
FRT  Freight 
FRT FWD  Freight forward 
FRT PPD  Freight prepaid 
Fruit Juice Tanker  A tanker for the bulk carriage of fruit juice concentrate in insulated tanks 
FS or F.DIS or FDIS  Free discharge 
FSG  Floating Systems Group 
FSI  Flag State Implementation 
FSO  Floating Storage Offloading or Fleet Safety Officer (ISM) 
FSO, Gas  A tanker purpose built or converted to store gas produced from a field prior to its transfer to another vessel for transportation. May be self or non propelled. This type does not include vessels which are temporarily being used for storage of gas 
FSO, Oil  A tanker purpose built or converted to store oil produced from a field prior to its transfer to another vessel for transportation. May be self or non propelled. This type does not include vessels which are temporarily being used for storage of oil 
FSRU  FSRU (Floating Storage Regasification Unit) is special floating vessel that stores gas and regasifies the LNG tanker. 
FSS  International Code for Fire Safety Systems 
FT  Foot or Feet 
FT  Full Terms 
FTA  Free Trade Agreement or Freight Transport Association 
FTC  Free Transferable Currency 
FTD  Fitted 
FTRR&I  For their respective rights and interests 
FTTM  First thing tomorrow morning 
Fuel  A material used to produce heat or power by burning.  
Fuel blending  Mingling two or more materials, refinery streams ordinarily, to make a mixture that meets a grade of fuel's legal and commercial requirements. Refineries almost always sell finished products made from more than one component. Modern motor gasoline, for all practical purposes, must comprise several blendstocks. No single material can meet all its various specifications. Kerosene and gasoline do not require blending the way mogas does. But refinery economics and the number of processes which yield middle distillate fractions make combinations quite probable. Heavy fuel oil usually includes several streams in order to concoct a saleable material from the dregs of assorted units. 
Fuel oxygenate  Oxygenates are compounds containing oxygen in a chain of carbon and hydrogen atoms. Today, oxygenates are blended into gasoline in two forms: alcohols or ethers. Ethanol is the most commonly used alcohol oxygenate; methyl-tertiary-butyl-ether, or MTBE, is the most commonly used ether oxygenate. Fuel oxygenates are used in gasoline to boost the octane rating and to decrease the toxic emissions in the exhaust. 
Full and Down  An expression to describe a loaded vessel carrying cargoes of such a volume and weight that it fills all the vessel’s spaces and also brings her down to her tonnage loadline. A rare but optimum revenue condition for a vessel operator. 
Full Containerships  Ships equipped with permanent container cells, with little or no space for other types of cargo. 
Full Cycle Washing  Crude oil washing in which the complete cargo tank is washed. 
Full Shipload Lot  The amount of cargo a vessel carries or is able to carry. Practically, it is the amount of cargo which induces the specific voyage. While the cargo lot may take up the majority of the vessel’s space or ton- nage capacity, it does not require a vessel’s volume and weight capacity to be fully utilized. 
Full-Range Naphtha  see WHOLE NAPHTHA 
Fully Hydrogenated  The terms describing a fat or oil which has been hydrogenated to the extent that the resultant product is solid at room temperature. Products containing hydrogenated fats include heavy duty frying fats for restaurant use, solid shortenings and solid margarines. 
Fully Refined Oil  The term used to describe an oil which has been subjected to extensive processing methods to remove - (1) free fatty acids and other gross impurities (refine); (2) naturally occurring colour bodies such as chlorophyll (bleach), and (3) volatile trace components which may affect colour, flavour and odour (deodorise). 
Fungible  Marketable product. Typically refers to petroleum products moved by pipeline. As long as a particular grade of gasoline meets Colonial pipeline specifications, for instance, it may travel and trade as fungible product. A fungible batch in the Colonial system consists of 25,000 barrels or more of material from various suppliers, all of which meets the specifications published by the Pipeline company. 
Furnace oil  A term ordinarily reserved for the kind of gasoil used for household heating. The quality of this product can vary from place to place. The USA, for instance, uses a lighter distillate for this purpose than do some European countries. 
Futures  A type of contract established to pay today for something that will be delivered at a fixed future date. 
FV  Fishing vessel 
FW  Fresh water 
FW or Fr. wa.  Fresh water 
FWA  Fresh water allowance 
FWAD  Fresh Water Arrival Draft 
FWC  Fully loaded weight and capacity 
FWDD  Fresh Water Departure Draft 
FWE  Finished With Engine 
FWPCA  Federal Water Pollution Control Act 
FX  Forecastle (OCIMF acronym) 
FXD  Fixed 
FXTR  Fixture 
FYG  For Your Guidance 
FYI  For your information 
FYPG  For Your Private Guidance 
FYVPG  For Your Very Private Guidance