Terms used in international trade business such as Fast Track Negotiating,Federal Register,Freight Forwarder,Financial document, Finance Lease

 

Terms used in international trade business such as Fast Track Negotiating,Federal Register,Freight Forwarder,Financial document, Finance Lease etc.

 

 

This post explains about terms used in international trade business such as Free carrier,Fast Track Negotiating,Federal Register,Freight Forwarder,Financial document, Finance Lease,Fixed forward contract,ree on board,Free out etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

Terms used in international trade business

 

Fast Track Negotiating: Authority provided by the U.S. Congress to the Executive Branch to negotiate amendment-proof trade agreements.

 

FB - Freight bill.

 

FBL:Forwarder's Bill of Lading

 

Terms used in international trade  business such as Fast Track Negotiating,Federal Register,Freight Forwarder,Financial document,FC & S:Free Capture and Seizure

 

FCA - "Free carrier" to named place. Replaces the former term "FOB named inland port" to designate the seller's responsibility for the cost of loading goods at the named shipping point. May be used for multimodal transport, container stations, and any mode of transport, including air.

 

FCA - See Free carrier.

 

FCA: free carrier. This is an Incoterm - see the Incoterms 2000 website for more information. The seller is responsible for clearing the goods for export and delivering them to a specified place. This could be the seller's premises or those of a carrier or freight forwarder. The place of delivery determines who is responsible for loading or unloading the goods. Once the goods are delivered the buyer bears all costs and risks.

 

FCIA - Foreign Credit Insurance Association.

 

FCL:Full Container Load

 

FCR:Forwarder's Certificate of Receipt

 

FCT:Forwarder's Certificate of Transport

 

FD:Free Discharge / Free Delivery

 

Federal Maritime Commission (FMC) - U.S. Government Agency responsible for overseeing regulatory aspects of all maritime activities.

 

Federal Register - Government publication that prints rules/regulations of federal agencies on a daily basis; rules and regulations must be published to become legal in most cases.

 

Feeder Service - See Connecting Carrier.

 

FEU (Forty Foot Equivalent Unit) - 40' container equals 2 TEUS.

 

FEU:40-foot Equivalent Unit

 

FEU:A Forty-Foot Equivalent Unite, or 40-foot dry cargo container.

 

FF (Freight Forwarder) - Federally licensed company that handles documentation details for shipper of export cargo.

 

FFA: Free From Alongside / Free Foreign Agency

 

FFI: For Further Instructions

 

FGA: Free of General Average

 

FI - Free in. A pricing term indicating that the charterer of a vessel is responsible for the cost of loading and unloading goods from the vessel.

 

FIA:Full Interest Admitted

 

FIATA:International Federation of Freight Forwarders Association

 

FIB:Free into Barge

 

FICA:Foreign Credit Insurance Association

 

FICS:Fellow of the Institution of Chartered Shipbrokers

 

FIEx:Fellow of the Institute of Export

 

FIFO:First In First Out

 

FILTD:Free in Liner Terms Discharge

 

Finance Lease (See Single Investor Lease): Typically, a finance lease is a full-payout, noncancellable agreement, in which the lessee is responsible for maintenance, taxes, and insurance.

 

Financial document: a document relating to payment. The bill of exchange is the financial document most commonly used in collections and letters of credit. Promissory notes are also sometimes used in collections.

 

FIO - See Free In and Out.

 

FIO:Free In and Out

 

FIOS:Free In and Out plus Stowing

 

FIOT:Free In and Out plus Trimming

 

First of Exchange:First copy of a Bill of Exchange to be presented which automatically cancels all other copies

 

FIT:Federation of International Traders

 

FIW:Free In Wagon

 

fixed exchange rates:A system under which the exchange rate for converting one currency into another is fixed.

 

Fixed forward contract: Currency is bought or sold at a given future date.

 

Flat Car - Platform rail car on which trailers, containers, etc. are loaded.

 

FLIC:Forwarders Local Import Control

 

floating exchange rates:A system under which the exchange rate for converting one currency into another is continuously adjusted depending on the laws of supply and demand.

 

Floating policy - See Open insurance policy.

 

Floating policy - See Open policy.

 

FMB:Federal Maritime Board (USA)

 

FMC - See Federal Maritime Commission.

 

FMC:Federal Maritime Commission (USA)

 

FO ( Free out ) - A pricing term indicating that the charterer of a vessel is responsible for the cost of loading goods from the vessel.

 

FO:Free Over-side/Firm Offer/For Orders /Free Out Terms

 

FOA:Free on Airport

 

FOB - "Free on board" at named port of export. A pricing term indicating that the quoted price covers all expenses up to and including delivery of goods upon an overseas vessel provided by or for the buyer.

 

Fob airport - No longer a valid Incoterm, see FCA, Inctoterms® 2010.

 

FOB: free on board. This is an Incoterm - see the Incoterms 2000 website for more information. The seller clears the goods for export and delivers when the goods are passed over the ship's rail at the specified port. From this point on the buyer bears all costs and risks.

 

FOBA:Free on Board Aircraft

 

FOBS:Free on Board and Stowed

 

The above details describes about terms called in international trade business such as Free carrier,Fast Track Negotiating,Federal Register,Freight Forwarder,Financial document, Finance Lease,Fixed forward contract,ree on board,Free out etc. These phrases may help importers and exporters on their day to day export import business activities. The readers can also add more information about terms used in international business trade below this post.Terms used in international trade business such Force majeure,Foreign assets control,Foreign Direct Investment ,Foreign exchange trading 

 

 

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