FAS – Free Alongside Ship
What does Free Alongside Ship mean?
Free Alongside Ship means that the seller delivers when the goods are placed alongside the vessel (e.g. at a quay or on a barge) in the named port of shipment. The risk of loss of or damage to the goods passes when the goods are alongside the vessel. The buyer shall bear all costs from that point on.
These terms are related to Incoterms. Find out more: