Daily Point 2110 - FAS – Free Alongside Ship

 

The Banking Tutor

                            Daily Point 2110

FAS – Free Alongside Ship 

This is one of the Incoterms . The seller delivers when the goods are placed alongside the buyer's vessel at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment. The FAS term requires the seller to clear the goods for export.

This term should be used only for non-containerized sea-freight and inland waterway transport.

 

Sekhar Pariti

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