FREE OUT
Free Out refers to a type of charter party agreement in the maritime industry where the charterer is responsible for the cost of unloading the cargo from the ship and returning the empty vessel to the owner. In this type of agreement, the owner is only responsible for loading the cargo onto the ship at the port of origin. The charterer is responsible for all costs associated with unloading the cargo at the destination port, including stevedoring, terminal handling charges, and any other fees. Free Out is the opposite of Free In, where the owner is responsible for the cost of unloading the cargo at the destination port.
Your Previous Searches
Random Picks
- Weapons And Tactics: Weapons and tactics refer to the strategies and techniques used in naval warfare to gain an advantage over the enemy. This includes the use of various weapons such as guns, missiles, torpedoes, and bombs, as well as tactics such as maneuver ... Read More >>
- Dugongs: Dugongs are large marine mammals that belong to the order Sirenia. They are also known as sea cows and are found in warm coastal waters from East Africa to Australia, including the Red Sea, Indian Ocean, and Pacific Ocean. Dugongs are herbi ... Read More >>
- Forward Perpendicular: Forward Perpendicular is an imaginary line that is drawn perpendicular to the waterline at the foremost point of a ship's hull. It is used as a reference point for many measurements and calculations, such as determining the ship's length ov ... Read More >>
Top News
Captain Cook's Endeavour confirmed to be in Rhode Island waters...
The location of the HMS Endeavour, a lost ship belonging to 18th-century British explorer Captain James Cook, has been confirmed as Rhode Island's Newport Harbor....
News Source: CBS News on 2025-06-17
Mapping Iran’s oil and gas sites and those attacked by Israel...
Iran is a top 10 oil and gas producer, making its energy sites crucial to both regional and global markets....
News Source: Al Jazeera English on 2025-06-17
Ships collide in Hormuz Strait in shadow of Israel-Iran war...
Incident in strategic waterway said to be 'not security related' despite potential effects of conflict....
News Source: Al Jazeera English on 2025-06-17
How else could Iran retaliate over the ongoing Israeli strikes targeting the cou...
As Israel pounds Iran with airstrikes targeting military facilities and its nuclear sites, officials in Tehran have proposed a variety of steps the Islamic Republic could take outside of launching ret...
News Source: ABC News on 2025-06-17
Wall Street isn’t freaking out about Israel and Iran yet. The Strait of Hormuz...
Global markets have remained relatively calm amid the escalating tensions between Israel and Iran. But that sentiment could quickly shift, according to experts, if the conflict affects the Strait of H...
News Source: CNN on 2025-06-17