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What does FAS mean in export terms?
What does FAS mean in export terms?
- Free Alongside Ship, where the exporter pays all expenses up to dispatch of goods alongside the ship, while the buyer bears risk and expenses from that point onwards. (correct)
- Ex Works Price, where packing costs are paid by the exporter and delivery takes place at works or a warehouse, and the goods and transit risks are transferred to the buyer.
- Free on Rail, where the exporter's obligation is fulfilled when goods are loaded on Rail.
- Free on Board, where the exporter clears the goods for export and import formalities are done by the buyer.
Which export term means that the exporter clears the goods for export and import formalities are done by the buyer?
Which export term means that the exporter clears the goods for export and import formalities are done by the buyer?
- FOB (correct)
- FOR
- Ex Works Price
- FAS
What is the main difference between FOR and FOB export terms?
What is the main difference between FOR and FOB export terms?
- FOR means Free on Rail and FOB means Free Alongside Ship.
- FOR means Free Alongside Ship and FOB means Free on Rail.
- FOR means the exporter pays all expenses up to dispatch of goods alongside the ship, while FOB means the exporter clears the goods for export and import formalities are done by the buyer. (correct)
- FOR means the exporter's obligation is fulfilled when goods are loaded on Rail, while FOB means the exporter pays all expenses up to dispatch of goods alongside the ship.
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