What does FIOS stand for?

Free In and Out Stowed

In the context of shipping, FIOS stands for "Free In and Out" or "Free In/Out Stowed." It is a term commonly used in chartering and freight agreements to specify the responsibilities and costs associated with loading and unloading cargo from a vessel.

When FIOS is mentioned in a shipping contract, it means that the shipowner or carrier is responsible for the costs and labor associated with loading and unloading the cargo onto and from the vessel. The shipowner is responsible for providing labor, equipment, and all necessary resources to carry out these operations.

The term "Free In" refers to the cost and responsibility of loading the cargo onto the vessel. This includes any expenses related to stevedoring, cranes, or other equipment required to lift and load the cargo onto the ship.

The term "Free Out" pertains to the cost and responsibility of unloading the cargo from the vessel. The shipowner bears the expenses for the necessary labor, equipment, and resources to remove the cargo from the ship and deliver it to the designated discharge point.