The Free alongside (FAS) method of valuing imports:
A) defines the price of the imported good as the foreign market price before it is loaded into the ship, train, or plane for shipment to the importing country.
B) defines the imported price as the price in the foreign market including the cost of loading it onto the ship, train, or plane for shipment to the importing country.
C) defines the imported price as the price including all inter-country charges up to the importing country's port of entry.
D) All of the above
E) None of the above

Question

Quizplus · Accepted Answer

The Free Alongside (FAS) method of valuing imports defines the price of the imported good as the foreign market price before it is loaded onto the ship, train, or plane for shipment to the importing country. This method does not include the cost of loading the goods onto the transport vehicle or any transportation costs beyond the point of origin.

The Free Alongside (FAS) Method of Valuing Imports