Free Out (FO)

Definition of "Free Out (FO)"
  1. A condition where the charterer takes on the expense of unloading a ship
How to use "Free Out (FO)" in a sentence
  1. Under the Free Out (FO) terms, the company had to pay for the offloading of their cargo.
  2. The contract specified Free Out (FO), making the charterer financially responsible for unloading the vessel.
  3. Despite initially resisting, the charterer agreed to the Free Out (FO) clause, covering the unloading costs.

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