FFA. Free Freight Allowance or Forward Freight Agreement. Both meanings here are associated with how much a customer will be charged for freight. Free Freight Allowance allows for discounted shipping charges (usually issued when a customer reaches a certain volume or dollar amount).Nov 8, 2018
What is FFA pricing?
A forward freight agreement (FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates.
What is freight forwarding agreement?
A forward freight agreement (FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates.
What is shipping term for?
Shipping terms are also called INCOTERMS. Incoterm is the elided word that shortens International Commercial Terms. They are 3 letter abbreviations recognized throughout the world. They tell each party concisely what is expected of them in selling and in contract negotiations.
What does FFA mean in shipping terms?
Forward Freight Agreement (FFA)
Who pays full freight allowed?
FOB Origin, Freight Prepaid: The seller/shipper pays the cost of shipping while the buyer/receiver of goods assumes the responsibility of goods at the point of origin. FOB Origin, Freight Collect: The buyer pays for freight and shipping costs and assumes full responsibility for the cargo.