FAS - FREE Alongside SHIP
What will Free Alongside (FAS) Mean?

 Free aboard (FAS) could be a term utilized in international trade contracts that indicates that the vendor should prepare for the products purchased to be delivered next to explicit a specific vessel in a very particular port to be prepared for transfer to a waiting ship.
Free aboard is one in all varieties of internationally recognized industrial terms utilized by businesses engaged in trade.
Understanding Free aboard
Contracts for international transportation of products generally embrace details, just like the time and place of delivery, payment, the precise time once the danger of loss shifts from the vendor to the customer, and WHO pays the prices of freight and insurance.

KEY TAKEAWAYS
  • In a contract for international trade, free aboard suggests that the products are going to be delivered right next to the buyer's ship, prepared for reloading.
  • Ex-works imply that the products are going to be picked up by the customer at the seller's warehouse.
  • Both square measure common Incoterms, or international commerce terms, utilized in contracts by import and export businesses.

They additionally generally embrace abbreviated terms like FAS.