Free Alongside - FAS
When used in trade terms, the word "free" means the seller has an obligation to deliver goods to a named place for transfer to a carrier.
Contracts involving international transportation often contain abbreviated trade terms that describe matters such as the time and place of delivery and payment, when the risk of loss shifts from the seller to the buyer, and who pays the costs of freight and insurance.
The most commonly known trade terms are Incoterms, which are published by the International Chamber of Commerce (ICC). These are often identical in form to domestic terms, such as the American Uniform Commercial Code, but have different meanings. As a result, parties to a contract must expressly indicate the governing law of their terms.
It's important to realize that because this is a legal term, its exact definition is much more complicated and differs by country. It is suggested that you contact an international trade lawyer before using any trade term.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
free alongside vessel — UK US adjective ► TRANSPORT FREE ALONGSIDE SHIP(Cf. ↑free alongside ship) … Financial and business terms
free alongside ship — or free alongside vessel adj. delivered to the dock with freight charges paid by the shipper * * * … Universalium
free alongside ship — or free alongside vessel adj. delivered to the dock with freight charges paid by the shipper … English World dictionary
free alongside ship — free along·side ship adv or adj: with delivery at the side of the ship free of charges and the buyer s liability then beginning Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
free alongside steamer — Free alongside ship; a term in commercial usage which binds a seller to delivery of the goods to the buyer at the dock. Iwai & Co. v Hercules Powder Co. 162 Ga 795, 802, 134 SE 763 … Ballentine's law dictionary
free alongside vessel — adverb (or adjective) see free alongside ship * * * free alongside ship or free alongside vessel, delivered to a ship s side without charge to the buyer, but with all further transportation being at the buyer s expense. Abbr: f.a.s … Useful english dictionary
free alongside ship — adverb (or adjective) or free alongside vessel : with delivery at the side of the ship free of charges, the buyer s liability then beginning … Useful english dictionary
free alongside ship. — See F.A.S. Also called free alongside vessel. [1900 05] * * * … Universalium
free alongside ship. — See F.A.S. Also called free alongside vessel. [1900 05] … Useful english dictionary
Free alongside ship — (f.a.s.) The value of a commodity at the port of exportation, generally including the purchase price plus all charges incurred in placing the commodity alongside the carrier at the port of exportation. U.S. Dept. of Energy, Energy Information … Energy terms
free alongside ship — adverb or adjective Date: 1888 with delivery at the side of the ship free of charges and the buyer s liability then beginning … New Collegiate Dictionary