When the exporter quotes a price for the goods, including charges for delivery of the goods alongside a vessel at a port (the seller covers all costs of unloading and
Wharfage at the shipment port and the buyer covers all other charges to get the goods
To the buyer), this form of terms of shipment is called:
A) ex-works.
B) free alongside ship (FAS).
C) free on board (FOB).
D) cost and freight (CFR).
E) Cost, Insurance, and Freight (CIF).

Question

Quizplus · Accepted Answer

The terms of shipment described in the question match those of Free Alongside Ship (FAS). In this type of shipment, the seller delivers the goods alongside the vessel at a port and takes responsibility for unloading and wharfage costs at the shipment port. The buyer is responsible for all other costs associated with transporting the goods from the port to their final destination. Ex-works (A), Free On Board (FOB) (C), Cost and Freight (CFR) (D), and Cost, Insurance, and Freight (CIF) (E) all have different terms and conditions for which party is responsible for bearing the costs and obligations of transportation and delivery.

When the Exporter Quotes a Price for the Goods, Including