Free In And Out (F.I.O.) [Last Updated by: admin on 2012-01-01]
A transport or freight term which indicates that loading/ discharging costs are not included in the freight; in the charter party context this means that loading/discharging are not the shipowner's responsibility - the charterer is responsible for loading/discharging. Also possible to use either Free in (FI) or Free out (FO) independently. Also used with addition of stowed and/or trimmed: e.g., FIOS, or FIOST.