Nautical Term: FOQ
Definition of FOQ
Free on Quay, also known as FOQ, refers to a ship or vessel that has completed its loading or unloading process and is now officially free from the quay or dockside area.
For instance, in the context of an international trade transaction, a shipping company might notify the port authorities that a container ship, named Majestic, has completed its loading process and is now officially Free on Quay. This information is critical for efficient port operations and coordination between different stakeholders involved in the international trade transaction.
Explore other nautical terms:
