Tuesday, February 21, 2012

UNDERSTANDING INCOTERMS 2010- FAS (Free Alongside Ship)

FAS (Free Alongside Ship)
Under this this Incoterms, the seller must place the goods alongside the ship at the named port. The seller must clear the goods for export. Suitable only for maritime transport but NOT for multimodal sea transport in containers (see Incoterms 2010, ICC publication 715). This term is typically used for heavy-lift or bulk cargo.

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