Difference between FOB and FAS
Lotus Containers12 Dec, 2024Business
The main difference between FOB and FAS is who bears the risks. FOB, which stands for Free on Board, is an international term that refers to the risks and responsibilities related to goods transferred from the seller to the buyer. While FAS stands for Free Alongside Ship, it is an incoterm in which the risks and responsibilities are shifted from the buyer to the seller. Contact LOTUS Containers for trading containers that can adhere to any of the international organizations.
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