Asked by Abigail Stewart on Jun 14, 2024
Verified
Which of the following is true when the shipping term "FAS" is used?
A) The buyer,at the buyer's expense,delivers the goods alongside the ship before the risk passes to the buyer.
B) The buyer,at the seller's expense,delivers the goods alongside the ship before the risk passes to the buyer.
C) The seller,at the seller's expense,delivers the goods alongside the ship before the risk passes to the buyer.
D) The seller,at the buyer's expense,delivers the goods alongside the ship before the risk passes to the buyer.
E) The common carrier,at the carrier's expense,delivers the goods alongside the ship before the risk passes to the buyer.
Buyer's Expense
Costs that are borne by the purchaser of goods or services, including but not limited to, shipping, taxes, and any other charges associated with the purchase.
Alongside the Ship
A term used in shipping to describe a situation where goods are positioned next to a vessel, ready to be loaded or having been unloaded, essentially indicating they are at the place of transfer.
- Identify the distinctions among shipping terms like FOB and FAS.
Verified Answer
JE
Jackie EstradaJun 18, 2024
Final Answer :
C
Explanation :
The shipping term "FAS" means that the seller,at seller's expense,delivers the goods alongside the ship before the risk passes to the buyer.
Learning Objectives
- Identify the distinctions among shipping terms like FOB and FAS.