Under FOB and FAS, the buyer bears all risks for loss as the goods are loaded onto a ship.

Name: Under FOB and FAS, the buyer bears all risks for loss as the goods are loaded onto a ship.
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Question

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Under FOB (Free On Board), the risk passes from the seller to the buyer once the goods are loaded onto the ship. However, under FAS (Free Alongside Ship), the risk passes to the buyer when the goods are placed alongside the ship, before being loaded.

Under FOB and FAS, the Buyer Bears All Risks for Loss