Forty-foot Equivalent Unit, a measure of container capacity equal to two TEU, based on the standard 40-foot intermodal container. FEU is commonly used alongside TEU to describe container ship capacity and terminal throughput.
Also known as: Forty-foot Equivalent Unit.
Category: Cargo & Trade
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DemurrageA charge payable by the charterer to the shipowner when a vessel is detained in port beyond the agreed laytime allowed for loading or discharging cargo.DispatchA financial reward paid by the shipowner to the charterer when a vessel completes loading or discharging in less than the agreed laytime.Dry DockingThe process of placing a vessel in a dry dock for inspection, maintenance, repair, and painting of the underwater hull.FOBFree On Board, an Incoterm under which the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment.Freight RateThe price charged by a carrier for the transportation of cargo from origin to destination, expressed per tonne, per container (TEU/FEU), or as a lump sum.Gross TonnageA measure of the overall internal volume of a vessel, calculated according to the International Convention on Tonnage Measurement of Ships (1969).
Back to DictionaryEntry updated May 2026