Goods are stacked just one pallet or container high in a warehouse.
Trade Terms
FLOOR LOAD RATING
The maximum weight that can safely be supported by a warehouse floor (pounds per square foot).
FOB.
Free On Board. The seller fulfills his obligation to deliver when the goods pass the ship
FOOD & DRUG ADMINISTRATION (US)
The U.S. government agency responsible for regulating pharmaceuticals, cosmetics, medical devices, and processed food. The USFDA has export jurisdiction and export license authority over certain drugs, biologicals and medical devices.…
FOOD SAFETY MODERNIZATION ACT (FSMA)
Signed into law in January 2011, the law aims to ensure the safety of the US food supply by shifting focus of federal regulators from responding to contamination to preventing…
FOREIGN BUYING OFFICE
A separate buying office reporting to the headquarters purchasing department. This department buys all foreign-purchased items, for all the company
FOREIGN SALES AGENT
An agent residing in a foreign country who acts as a salesman for a domestic manufacturer.
EXPEDITING
The activity of tracing and reducing time for the transportation of merchandise.
EXPORT
The sending of goods to a foreign country.
EXPORT BROKER
One who brings together the buyer and seller for a fee and then withdraws from the transaction.
