FAS(redirected from FASTM)
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Abbreviation for the Incoterm Free Alongside Ship.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
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