Free Alongside Ship definition

Free Alongside Ship means that the seller delivers when the goods are placed alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the named port of shipment. The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the buyer bears all costs from that moment onwards.
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Free Alongside Ship means that the seller has to deliver the goods at the named port of shipment by placing them, in the manner customary at that port, alongside the vessel (e.g. on a quay or a barge) nominated by the buyer at the loading point, if any, indicated by the buyer (or by procuring the goods so delivered).
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Free Alongside Ship means that the seller delivers when the goods are placed alongside the vessel at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment. The FAS term requires the seller to clear the goods for export. THIS IS A REVERSAL FROM PREVIOUS INCOTERMSVERSIONS WHICH REQUIRED THE BUYER TO ARRANGE FOR EXPORT CLEARANCE. However, if the
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Examples of Free Alongside Ship in a sentence

  • Maximum E Expiration MBF or MBM 1,000 Feet Board Measure FAK Freight All Kinds Min Minimum FAS Free Alongside Ship MM Millimeter FB Flat Bed N/A Not Applicable FCL Full Container Load NHZ Non-Hazardous FEU Forty Foot Equivalent Unit NOS Not otherwise specified FI Free In OT Open Top FIO Free In and Out P Pier FIOS Free In, Out and Stowed Pkg.

  • FAS Free Alongside Ship The seller delivers the goods when it is placed alongside the vessel at the named port of shipment at the agreed date or within the agreed period.

  • An irrevocable documentary letter of credit, subject to the current revision of the Uniform Customs and Practices (UCP) for Docu- mentary Credits (International Cham- ber of Commerce Publication No. 600, or latest revision), and, if electronic documents are to be utilized, the cur- rent revision of the Supplement to the Uniform Customs and Practice for Doc- umentary Credits for Electronic Pres- entation (eUCP) providing for payment in U.S. dollars against stipulated docu- Free Alongside Ship (FAS).

  • Any deviation from EXW shall be recorded in the COA and be: FCS =Free Carrier CPT =Carriage Paid To CIP =Carriage and Insurance Paid DPU = Delivery at Place Unloaded DDP= Delivery Duty Paid FAS =Free Alongside Ship FOB =Free on Board CFF =Cost and Freight CIF =Cost Insurance Freight All the above attracting the general and accepted commercial and practical application from time-to-time, at the time of acceptance of the quote.

  • Free Alongside Ship FOB .............................................


More Definitions of Free Alongside Ship

Free Alongside Ship means that 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. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment. The FAS term requires the buyer to clear the goods for export. It should not be used when the buyer cannot carry out directly or indirectly the export formalities.
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Free Alongside Ship means that the seller delivers when the goods are placed alongside the vessel at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment.
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Free Alongside Ship means that the seller delivers when the goods are placed alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the named port of shipment. The seller fulfills his obligations by placing the goods alongside the ship and it is his obligation to clear the goods for export.The risk will, therefore, pass from seller to buyer when the seller placed the goods alongside the ship.41
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Free Alongside Ship means that the seller delivers the goods alongside the vessel e.g., on a quay or berth. Often this is called” UNDER THE SHIP’S HOOK”.
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Free Alongside Ship means that the seller delivers when the goods are placed alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the named port of shipment. The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the buyer bears all costs from that moment onwards. The parties are well advised to specify as clearly as possible the loading point at the named port of shipment, as the costs and risks to that point are for the account of the seller and these costs and associated handling charges may vary according to the practice of the port. The seller is required either to deliver the goods alongside the ship or to procure goods already so delivered for shipment. The reference to
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Free Alongside Ship means that 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. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment.
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Free Alongside Ship means that the seller delivers when the goods are placed alongside the vessel (e.g. on a quay or a barge) nominated by the buyer at the named port of shipment. The
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