Trade Terms-FAS(FREE ALONGSIDE SHIP)
FREE ALONGSIDE SHIP（…named port of shipment）-- Delivery by the side of the ship(the designated port of shipment) means that the seller fulfils its obligation of delivery by placing the goods by the side of the ship at the port of shipment at the dock or barge. This means that the buyer must bear all costs and all risks of loss of or damage to the goods from that point on.
The FAS term requires the buyer to clear the goods for export. The term should not be used if the buyer is unable to go through the export formalities directly or indirectly.
The term applies only to sea or inland river transport.
Related Product tags: trade terms,fas,free alongside ship