Free In and Out (FIO)
- A shipping agreement where the charterer or shipper is responsible for the cost of loading and unloading the vessel
- The business decided to use a Free In and Out (FIO) contract to utilize their own personnel for load and unload tasks.
- Because of the Free In and Out (FIO) agreement, costs for handling the cargo were the shipper's responsibility.
- Free In and Out (FIO) terms are common in situations where the shipper wants more control over the cargo handling process.