CARM: What all importers need to know about CARM

Terminology

F

FAS, Free Alongside Ship

Under FAS Incoterms, the seller delivers when goods are placed alongside the vessel at the named port of shipment, cleared for export. (For a complete list of Incoterm definitions including a chart of buyer and seller responsibilities, see Universal’s Incoterms 2010.)

Quick Tip #29
Cargo Liability versus Cargo Insurance

Don’t make the mistake of assuming that Cargo Liability and Cargo Insurance are the same thing. They are not.

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101 Logistics Quick Tips

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