Free Alongside Ship (FAS) |
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Definition: Free AlongSide ship (indicating the agreed port of embarkation) Type of Transport: maritime Obligations of the Seller: - Deliver the goods to the Buyer in the agreed port of embarkation. (Alongside the ship).
- 2000 - Make the formalities of export of the goods.
Obligations of the Buyer: - Appoint and reserve the vessel. Inform the vessel name to the seller.
- Bear expenses and risks inherent to the goods starting from the moment when the goods are delivered alongside the ship in the agreed port.
- 2000 - Obtain import licenses.
- 2000 - Make the export formalities for the goods.
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