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FIOS (FREE IN, OUT, STOWED):
Freight rates quoted on a FIOS basis specifically exclude all aspects relating to cargo handling operations. The ship is only responsible for expenses arising as a result of the ship calling into the port, i.e. tugs, pilots and light dues etc. Another very important consideration when booking cargo on FIOS terms is that the ship does not bear any responsibility for the speed of loading or discharging. Usually the rate agreed includes a fixed "free" period of time for loading/discharging operations, after which time a daily demurrage is incurred.

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12y ago

fio term meaning shipper is responsible for loading and consignee is responsible for discharging cargo fm vsl

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Q: What is fio term in shipping?
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Related questions

What is the incoterm FIO Free in and out?

FIO is not an Incoterms Free in and out is related to the terms on a ocean bill of lading. is the international shipping term used in the ocean freight industry means that the carrier is NOT responsible for the cost of loading and unloading gods onto/from the vessel.


What is fio in shipping terminology?

FREE IN / FREE OUT : Freight booked FIO includes the seafreight, but no loading/discharging costs, i.e. the charterer pays for cost of loading/discharging cargo.


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