First In First Out : Abbreviation: FIFO.?The method whereby the goods which have been longest in stock (first in) are used, delivered (sold) and/or consumed first (first out)
Sabelatrans Shipping Global SSG(Specialized in Shipping/Transportation of Heavy Lift, RoRo & Project forwarding by Sea , Air & Land), Shipping Terms, Ajman, UAE 2013. http://www.sabelatrans.com/shipping_terms.htm, (Log - Brit) {1030}