Embassy Logistic Terms: FAS
Free Alongside Ship or FAS, (agreed port of departure).
The transfer of costs and risks occur at the time the goods are delivered alongside the vessel that is nominated by the buyer, so before loading.
The seller has fulfilled his obligation at the moment that he delivers the goods alongside the (by the purchaser) nominated and named vessel in the port of departure.
Alongside i.e. alongside the waterfront, such as a barge or alongside the tray of the shipping port by truck.
More information about Free Alongside Ship / FAS ?
Don’t hesitate to contact us at email@example.com for more information.