Learning Box
Liner terms
The Liner Terms are the terms and conditions for the transport of goods by sea. They express what is and what is not included in the freight price, from the shipping company’s point of view. The freight rate includes loading, lashing, trimming, transport itself and unloading of the cargo.
FREE IN / FREE OUT
FILO
The cost of loading the vessel at the port of loading are not included (Free In) and the cost of unloading the vessel at the port of destination are included (Liner Out).
FREE IN OUT
FIO
The cost of loading the vessel at the port loading and the cost of unloading the vessel at the port of destination are not included.
FREE IN OUT STOWED
FIOS
How FIO and additional are the stowage cost in the vessel excluded.
FREE IN OUT STOWED
FIOST
How FIOS and additional are the trimming cost in the vessel excluded.
FREE IN OUT TRIMMED
FIOT
How FIOS but includes the trimming cost in the vessel
FULL LINER TERMS
FLT
The cost of loading the vessel at the port loading, the stowage- and the trimming costs are included. The cost of unloading the vessel at the port of destination are included.
LINER IN FREE OUT
LIFO
The cost of loading the vessel at the port loading are included (Liner In) and the cost of unloading the vessel at the port of destination are not included (Free Out).
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