If a contract specifies "F.A.S.The Oceanking,New Orleans," the seller bears the risk of loss until it hands over the goods to the carrier.

Question

Quizplus · Accepted Answer

F.A.S. stands for Free Alongside Ship and it means that the seller has to deliver the goods alongside the vessel nominated by the buyer. The risk of loss passes from the seller to the buyer when the goods are loaded on the vessel. Therefore, until the goods are handed over to the carrier, the seller bears the risk of loss.

If a Contract Specifies "F