Samskip Glossary

A glossary of words and their definitions used in the transport industry

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There are currently 7 budgies in this directory beginning with the letter F.
Fill-rate (= utilization rate)
Measure of the share of the total capacity of the asset filled by (paying and/ or non-paying) cargo

Flat rack container
Container with collapsible sides - at the short end, these are like simple storage shipping containers where the sides can be folded so as to make a flat rack for shipping of a wide variety of goods. (multiple stacked flatracks can be shipped as one container)

Forward cost allocation
Assumed costs that follow the same logic and method as standard costs but might deviate from the standard costs due to (higher or lower) volume, specific operational requirements, validity and dedicated routing plus capacity.

Free Alongside Ship (FAS)
Requires the seller to place the goods alongside the vessel nominated by the buyer

Free Carrier (FCA)
Pushes the responsibility of delivering the goods to the buyers nominated premises onto the seller, so they have to organise shipping and various export documents

Free on Board (FOB)
Requires the seller to place the goods on board the vessel nominated by the buyer

Full Container Load (FCL)
Full Container Load is a shipment type where a cargo occupies the full size of a container. Sometimes the container may not be fully filled, but the rate is charged on the basis of a full container. FCL is the standard form of shipping for a large cargo.