A term in pricing which indicates that the charterer of the ship will be responsible for the value of loading products from the ship

FO (Free out) It means the ship-owner bears the loading expenses but does not bear the unloading expenses.

Free Out (FO) is the international shipping term in ocean shipping that means that the consignee (receiver ) is accountable for the cost of unloading cargo from the ship at the destination.

In other words, it is cargo rate eligibility that suggests the offered port-to-port rate includes costs for loading of freight on the ship at the port of origin although not for the offloading in the port of destination. This ‘free’ means “not included” and not “inclusive of” (as in free on board). It’s not an Incoterm and might have different meanings in different countries.

Click to rate this post!
[Total: 0 Average: 0]