Simple English definitions for legal terms
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Term: FIOS
Definition: FIOS stands for "Free in and out stowed." This means that the shipper is responsible for supervising and paying for the loading, unloading, and stowing of the cargo. Basically, it's like the shipper is in charge of making sure everything gets on and off the ship safely and securely.
Definition: FIOS is an abbreviation for "Free in and out stowed." This term is used in a bill of lading and means that the shipper is responsible for supervising and paying for the loading, unloading, and stowing of the cargo.
These examples illustrate how FIOS works in practice. When a company uses FIOS terms, they are responsible for all aspects of the loading, unloading, and stowing of their cargo. This can be a good option for companies that want more control over the shipping process, but it can also be more expensive and time-consuming than other options.