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FAS |
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FAS Abbreviation for the Incoterm Free Alongside Ship. Free Alongside Ship In maritime, international commerce, an agreement between a buyer (importer) and a seller (exporter) in which the seller is responsible for the transportation and risk of the good until it is within reach of the ship's crane, at which point the buyer assumes responsibility for both. That is, the seller does not bear the expense or risk of actually loading the good onto the ship. The buyer is responsible for clearing the good through customs in both the home country and the country of delivery. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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FAS 155, Accounting for Certain Hybrid Financial Instruments FAS will be formed by the merger of GSA's Federal Supply Service (FSS) and the Federal Technology Service (FTS). After months and months of promises, the Financial Accounting Standards Board released its long-awaited exposure draft on Accounting for Uncertain Tax Positions interpreting FAS 109 on Bastille Day. |
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