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Glossary
- Feeder
Vessels of under 2,500 teu which distribute containers regionally between hub ports.
- FFA
A Forward Freight Agreement is a cash contract for differences requiring no physical delivery based on freight rates on standardised trade routes.
- FOB
Free On Board. Cost of the delivery of goods is the seller’s responsibility only up to the port of loading. The freight is paid for by the buyer of the goods.
- FOB (estimate)
Forward Order Book represents estimated commissions collectable over the duration of the contract as principal payments fall due. The forward order book is not discounted.
- FOSVA
Forward Ship Value Agreement. An FFA based product designed specifically for the sale and purchase market.
- Freight rate
The agreed charge for the carriage of cargo expressed per ton(ne) of cargo (also Worldscale in the tanker market) or as a lump sum.