What does the abbreviation stand for?
-FAS
A)freight as shipped
B)freight alongside ship
C)free alongside ship
D)free as shipped

Question

Quizplus · Accepted Answer

FAS stands for "Free Alongside Ship," which means that the seller delivers the goods alongside the vessel at the named port of shipment. The buyer is responsible for loading the goods onto the vessel and any costs associated with loading. FAS stands for "Free Alongside Ship", which means that the seller is responsible for delivering the goods to a designated port, placing them alongside the ship, and clearing them for export. The buyer is responsible for loading the goods onto the ship and all costs and risks beyond that point.

What Does the Abbreviation Stand For