Glossary of terms

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FAK (Freight All Kinds)
A carrier's rate classification that usually refers to a consolidated cargo shipment where items of different classes (weight, bulk or value) are shipped in a single container, but charged at a single rate.

FAS (Free Along Ship)
An international trade term of sale in which, for the quoted price, the seller/exporter/manufacturer clears the goods for export and then places them alongside the vessel at the named port of shipment.

FAST - Free & Secure Trade
A joint Canada-United States initiative that allows pre-approved importers, carriers, and registered drivers to move pre-approved eligible goods across the border quickly.

FCA (Free Carrier)
The seller/exporter/manufacturer clears the goods for export and delivers them to the carrier specified by the buyer at the named place of delivery.

FIRST - Frequent Importer Release System
An expedited CBSA Line Release system designed for use by importers with a high volume of low risk shipments (e.g., bulk commodities). 

FOB (Free On Board)
The seller/exporter/manufacturer is responsible for the costs and risks of delivering the goods past the ship's rail at the named port of shipment.

FTA - Free Trade Agreement
Canada has entered into several agreements that allow for the duty-free importation of certain goods imported from specific countries, including Canada-Chile Free Trade Agreement (CCFTA); Canada-Costa Rica Free Trade Agreement (CCRFTA); Canada-Israel Free Trade Agreement (CIFTA); North American Free Trade Agreement (NAFTA); Canada-Peru Free Trade Agreement (CPFTA) among others.


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