TransportationFAS
FAS (Free Alongside Ship)
Incoterm where the seller delivers goods alongside the vessel at the port of shipment, transferring risk to the buyer.
Incoterm where the seller delivers goods alongside the vessel at the port of shipment, transferring risk to the buyer.
Under FAS, the seller delivers goods alongside the named vessel at the port of shipment. From that point, the buyer assumes all costs and risks, including loading onto the vessel.
Incoterms
International rules published by the International Chamber of Commerce (ICC) defining buyer and seller responsibilities for transport and delivery of goods.
TransportationFOB (Free On Board)
Incoterm establishing that the seller delivers goods on board the vessel at the port of shipment, transferring risk and cost to the buyer.
LogisticsOcean Freight
The cost of transporting goods by sea from the port of origin to the port of destination, a fundamental component of customs value.