Definitions for "F.A.S" Add To Word List
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Delivered to the side of the vessel and ready to be loaded.
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Free Alongside Ship. A delivery term under which the seller provides his goods alongside a named vessel at a named port. Refer to INCOTERMS for standard definition.
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The term f.a.s. must be qualified by a named port. The seller is liable for all charges and risks until the goods sold are delivered alongside a vessel at such port or are delivered to the port on a dock which will by used by the vessel. Title passes to the buyer when the seller has secured a clean dock or ship's receipt for the goods.
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An abbreviation (for "free alongside") used in international trade statistics and t sales contracts; a method of valuing traded goods that does not include the cost of shipment from the exporting to the importing country.
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"Free Alongside (vessel)" is a pricing term indicating that the quoted price includes the cost of delivering the goods alongside a designated vessel.
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Free Alongside Steamer (see Terms of Sale)
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Free alongside ship. includes all charges (including wharfage and porterage) up to but not including hoisting on board.
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"free along side."
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A term of sale meaning "free alongside ship". The seller is responsible for the goods and all charges until the goods are delivered alongside the overseas vessel to await loading.
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Free Along Side. A basis of pricing meaning the price of goods alongside a transport vessel at a specified location. The buyer is responsible for loading the goods onto the transport vessel and paying all the cost of shipping beyond that location.
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