Glossary

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F

Fairway (or Channel)

Narrow passage giving access to a port.

FCL (Full Container Load)

Containers handed over fully loaded by the shipper to the shipping line (preparation and stuffing done by the shipper).

Feedering

Technique that consists in collecting freight from several ports and shipping that freight to a transhipment port (or hub), where it is loaded aboard a mother vessel. Conversely, feedering also permits cargo to be deconsolidated and shipped from hubs to other ports.

Fender

Means of protection designed to cushion shocks between a vessel and a quay or between two docked vessels.

Flag of Convenience

Flag of a country which agrees to register a vessel at a low rate of taxation when the country concerned does not need such capacity for itself, which has little impact on operating revenues and which does not have the necessary authority to impose proper regulations.

Floating Policy

Type of cargo insurance where all the risks covered by the contract are determined consignment by consignment through declarations of risk value and are then covered up to a maximum amount. The policy is so called because the risk is only determined at the time the risk value is declared.

Foot

Unit of measurement of length equating to 30.48 cm (1 metre = 3.281 feet).1

Forwarding Agent

Professional who plans and organizes all transport operations on a customer’s behalf. Forwarding agents act in their own name and choose all ways and means. They have a duty of due performance; they choose the sub-contractors (appropriate means and costs).

Freight

Charge for transporting goods by ship. Designates by extension the cargo itself.

Freighter

1) cargo-boat used to transport goods;
2) the owner of a vessel, who provides the vessel for charter and who receives the corresponding freight in return;
3) term also used to designate an aircraft that only carries freight.

Freighting

Action whereby the shipowner or ship’s manager hires out his vessel to a charterer.

Full Container Ship

Vessel exclusively designed for the transportation of containers.