Trade Terms

Free Alongside Ship (FAS)
Free Alongside Ship (FAS) is an international trade term where the seller is responsible for delivering the goods alongside the vessel at the named port of shipment. The buyer assumes responsibility for all risks and costs from that point forward.
Incoterms
International Commercial Terms, or Incoterms, first published in 1936 by the International Chamber of Commerce to promote standardized terminology for international trade.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.