CARM: What all importers need to know about CARM

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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 #9
How to cut import duties and taxes paid on freight deliveries

Make sure you insist that freight charges are shown on your Supplier’s Commercial Invoices.

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