Liner in free out

Liner in free out, abbreviated LIFO, is a freight basis under which the owner or carrier pays for loading on liner terms while the charterer or receiver pays to discharge, free of cost to the owner. The ’liner in’ half folds loading into the freight; the ‘free out’ half places discharge cost on the cargo side. It is the inverse of FILO (free in, liner out) and sits with FIO, FIOST, and full liner terms in the family of who-pays-what conventions. LIFO suits a trade where the carrier organizes loading but the receiver runs the discharge port.