Definition of Free alongside ship (f.a.s.)

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TeachMeFinance.com - explain Free alongside ship (f.a.s.)



Free alongside ship (f.a.s.)

The term 'Free alongside ship (f.a.s.)' as it applies to the area of energy can be defined as ' 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'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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