FAS stands for Free alongside ship…..(named port of shipment) means that the seller fulfills his obligation to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment. The buyer has to bear all costs and risks of loss or damage to the goods [...]
Archives for Risk
Dead Leg
By admin on October 15th 2010 - No Comment
In air chartering the charterer will be charged on the basis of a round – trip. However the agent and carrier may try to fill the empty sector to avoid flying a “dead leg” (empty leg ). The charter price may then reflect a calculated risk on the part of the operator, depending on whether [...]
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