What does Free Alongside mean? Read on to discover the definition & meaning of the term Free Alongside - to help you better understand the language used in insurance policies.
One of several standard terms of sale for exports and imports. When goods are shipped FAS, the seller's responsibility ends when the merchandise is brought alongside the vessel (e.g., in a barge) or placed on the dock from which it will be loaded onto the vessel. The buyer is responsible for insuring the goods from that point on.
We hope the you have a better understanding of the meaning of Free Alongside.