Free-alongside-ship in the United States

Free-alongside-ship (F.A.S.) in the International Business Landscape

Definition of Free-alongside-ship (f.a.s.) in the context of U.S. international business and public trade policy: A contractual basis for trade by which the seller delivers goods to the buyer at the port of embarkation and the buyer assumes responsibility thereafter; hence, a method of valuing internationally traded goods that does not include the cost of their shipment from the exporting to the importing country.