Nautical Term: FLT
Definition of FLT
Full Liner Terms refers to the contractual agreement between the shipowner and the cargo owner. According to this arrangement, the shipowner assumes the responsibility and cost of loading and discharging the cargo at the port of destination.
For example, a shipping company signs a Full Liner Terms contract with a soybean producer in South America. The shipping company agrees to transport the soybeans from the port of origin to the port of destination. According to the Full Liner Terms agreement, the shipping company will be responsible for loading and discharging the soybeans at the ports, as well as all the associated costs.
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