They define the condition / responsibility of cost under which a carrier has had at port of loading to port of discharge. As such they also determine the freight / charges payable for loading & discharging the cargo from the vessel in their quotation, according to the customs of the port and it is not internationally codified. Carrier cost responsibility under respective Liner Terms: (1) Liner In Liner Out ( CY to CY ) - Carrier bears the costs for loading at loading port, sea voyage up to cargo discharged at discharging port. (2) Liner In Hook Out ( CY to Hook) - Carrier bears the costs for loading at loading port, sea voyage up to cargo alongside cargo hook at discharging port. (3) Hook In Liner Out ( Hook to CY) - Carrier bears the costs for cargo alongside cargo hook at loading port, sea voyage up to cargo discharged at discharging port. (4) Liner In Free Out (CY to Free Out, LIFO) - Carrier bears the costs for loading at loading port, sea voyage and exclude costs for cargo at discharging port. (5) Free In Liner Out (Free in to CY, FILO) - Carrier bears the costs for sea voyage and costs for cargo discharged at discharging port. (6) Hook to Hook - Carrier bears the costs for sea voyage and costs for cargo alongside at loading port & at discharging port. (7) Hook to Free Out - Carrier bears the costs for cargo alongside cargo hook at loading port, sea voyage and exclude cost at discharging port. (8) Free In to Hook - Carrier bears the costs for sea voyage and costs for cargo alongside cargo hook at discharging port. (9) Free In Free Out (FIFO) - Carrier bears the costs for sea voyage and exclude costs at loading port & discharging port