„FAS (Free Alongside Ship...named port of shipment)“

What does FAS (Free Alongside Ship...named port of shipment) stand for?

The seller fulfils his obligation to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment. The buyer has to bear all costs and risks of loss or of damage to the goods from that moment.

Source:

Ramberg, Jan. (2011). ICC Guide to Incoterms 2010: Understanding and Practical Use. Paris: International Chamber of Commerce.

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