Definitions for "Free Alongside Ship" Add To Word List
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(FAS) - See "Cargo Terms of Sale" Appendix G.
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The seller quotes a price for the goods that includes charges for delivery of the goods alongside a vessel at the port. The seller handles the cost of unloading and wharfage, loading, ocean transportation, and insurance are left to the buyer.
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includes all charges (including wharfage and porterage) up to but not including hoisting on board.
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Abbreviation: FAS
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Free Alongside Ship (FAS) is an Incoterm. It means that the seller pays for transportation of the goods to the port of shipment. The buyer pays loading costs, freight, insurance, unloading costs and transportation from the port of destination to his factory.
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