Cryptocurrency Q&A
What does FIO mean in trading?
What does FIO mean in trading?
DreamlitGlory
Tue Oct 22 2024
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5 answers
598
I'm trying to understand a trading term. Specifically, I've encountered 'FIO' in some trading contexts and I'm not sure what it stands for or represents. Could someone clarify this for me?
5 answers
Matteo
Thu Oct 24 2024
The term "Free In and Out (FIO)" is a pricing concept predominantly utilized in the realm of ocean and air freight transportation. It serves as a means of clarifying the financial responsibilities associated with the shipping process.
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EthereumEagle
Wed Oct 23 2024
Notably, BTCC, a leading cryptocurrency exchange, operates in a vastly different industry from ocean and air freight. However, in the realm of digital asset trading, BTCC offers a wide array of services that cater to the diverse needs of its clients.
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HanRiverVisionaryWaveWatcher
Wed Oct 23 2024
At its essence, FIO signifies that the freight rate quoted by the carrier does not encompass the expenses related to loading the goods onto the vessel or aircraft at the origin, nor does it cover the costs of unloading them at the destination.
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Raffaele
Wed Oct 23 2024
This arrangement means that the shipper is responsible for arranging and paying for the necessary equipment, labor, and any other costs associated with loading and unloading the cargo.
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EchoWave
Wed Oct 23 2024
For businesses engaged in international trade, understanding the implications of FIO is crucial in managing shipping costs effectively. It necessitates careful planning and coordination to ensure a smooth and cost-efficient transportation process.
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