Definitions for "Free In and Out"
(FIO) Cost of loading and unloading a vessel borne by the charterer; i.e. stevedoring expenses.
A pricing term indicating that the vessel operator is responsible for the cost of loading and unloading.
Abbreviation: FIO Transport condition denoting that the freight rate excludes the costs of loading and discharging and, if appropriate, stowage and lashing.
transhipment - transloading