Glossary
 
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F

• Freight All Kinds (FAK): the abbreviation applied to a pooling of different commodities for simplification of rating or pricing.
• False Billing: describing shipment on shipping documents so as to misrepresent the actual contents of lading.
• Fifth Wheel: part of a coupling device mounted on tractor which engages and locks with circular steel pin on a trailer.
• Fixed Charges: charges which do not vary with an increase or decrease in traffic.
• Flat Bed: a semitrailer with no sides and with floor of unit a standard height from the ground.
• Fork Lift: a machine used to pick up and move goods loaded on pallets or skids.
• FOB Destination, Freight Collect: The buyer pays the shipment charge, bears the eventual cost of the shipment, but the seller owns the goods in transit and files any damage claim.
• FOB Destination, Freight Prepaid: The seller pays the shipment charge, bears the eventual cost, owns the goods in transit and files any damage claim.
• FOB Destination, Freight Collect and Allowed: The buyer pays the shipment charge, but receives a credit for the amount, deducted from the seller’s bill for the goods. The seller owns the goods in transit and files any damage claim.
• FOB Origin, Freight Collect: The buyer pays the shipment charge, bears the eventual cost of the shipment, owns the goods in transit and files any damage claim.
• FOB Origin, Freight Prepaid: The seller pays the shipment charge and bears the eventual cost, but the buyer owns the goods in transit and files any damage claim.
• FOB Origin, Freight Prepaid and Charged Back: The seller pays the shipment charge, but bills it to buyer, who owns the goods in transit and files any damage claim.
• Free Time: the period allowed the owner to accept delivery before storage charges begin to accrue.
• Freight: merchandise hauled by a transportation line.
• Freight-Astray: a shipment miscarried or unloaded at the wrong terminal, billed and forwarded to the correct terminal, free of charges, on account of being astray, hence the term “freight-astray”.
• Freight Bill: Document for common carrier shipment. Gives description of the shipment, amount of charges, taxes and whether prepaid or collect. Charges paid by the shipper are called prepaid shipment bills. Charges collected at designation are called destination or collect shipment bills.
• Freight Line Charge: the cost of transporting shipments.
• Freight Claim: a demand upon Yellow for the payment of overcharge or loss or damage sustained by the shipper or consignee.
• Freight Forwarder: one who assembles small shipments into one large shipment which is then tendered to a regulated over-the-road carrier. Upon reaching destination, the shipments is separated into small shipments.