Free Alongside Ship (FAS) (...named port of shipment) 3
Free Alongside Ship (FAS) (...named port of shipment) 3 : The seller fulfills his obligation to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment. This means that the buyer has to bear all costs and risks of loss or of damage to the goods from that moment. The FAS term requires the buyer to clear the goods for export. FAS is also a method of export and import valuation
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