(Vessel Load Free Out) - the loading and discharge terms for the cargo to be shipped, as agreed to in the charterer party. The vessel (carrier) pays for the loading of the cargo on board the ship and the receiver pays for the discharge of the cargo from the ship to the pier.
Related Terms |
AFT
Back of the vessel.
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ASTERN
A backward movement of a vessel
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ATHWARTSHIP
Across the ship, at right angles to the fore-and-aft centerline
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BULK CARGO
Cargo such as oil, coal, ore, woodchips, etc. not shipped in bags or containers
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UPBOUND
A vessel traveling upstream.
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BUMPKIN
The spar projecting from stern of ship
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BEAM
The width of a ship. Also called breadth.
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BREADTH
The width of a ship.
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TRAMP FREIGHTER
A cargo ship engaged in the tramp trade.
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TRAMP FREIGHTER
A cargo ship engaged in the tramp trade.
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