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Free In and Out
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   Also found in: Acronyms, Encyclopedia 0.01 sec.
Free In and Out
In shipping, an agreement between the charterer (the party that hires a vessel) and the vessel's operator in which the charterer is responsible for the expense of both loading and unloading cargo from the vessel. That is, under the agreement, loading and unloading cargo is free from the purview of the vessel's operator.


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