FIOT is an abbreviation for Free In, Out and Trimmed, which means the rate of freight. FIOT covers only the transportation fee, without the inclusion of loading, unloading and trimming the cargo onboard a vessel. FIOT is an abbreviation for Free In, Out and Trimmed, which means the rate of freight. FIOT covers only the transportation fee, without the inclusion of loading, unloading and trimming the cargo onboard a vessel.
