FAS – Free Alongside Ship (Incoterms 2000)

July 29th, 2007 by admin Leave a reply »

The trade term FAS, or “Free Alongside Ship” means that the seller delivers (i.e. title is transferred to the buyer) when the goods are place alongside the ship at the named port of origination.  At that point the buyer bears the responsibility for loss or damage of the goods.  The FAS term requires that the seller clear the goods for export – This trade term definition brought to you courtesy of trade leads from the Motorcycles section of our business to business marketplace.

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