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LSDefine

Simple English definitions for legal terms

free alongside ship

Read a random definition: United States of America

A quick definition of free alongside ship:

Free Alongside Ship (FAS) is a term used in business when buying and selling goods that will be transported by sea or inland waterway. It means that the seller is responsible for clearing the goods for export and delivering them to the wharf beside the buyer's chosen vessel. Once the goods are placed on the wharf, the seller's delivery is complete, and the risk of loss passes to the buyer. The buyer is responsible for all costs of carriage.

A more thorough explanation:

Definition: Free alongside ship (FAS) is a term used in mercantile contracts to describe the rights and responsibilities of both the buyer and seller of goods. Under FAS, the seller must clear the goods for export and deliver them to the wharf beside the buyer's chosen vessel. The buyer is responsible for all costs of carriage, and the seller's delivery is complete when the goods are placed on the wharf beside the vessel. This term is only used when goods are transported by sea or inland waterway.

Example: A company in China sells 1000 units of a product to a company in the United States. The contract specifies FAS as the delivery term. The Chinese company is responsible for clearing the goods for export and delivering them to the wharf beside the US company's chosen vessel. Once the goods are placed on the wharf, the US company assumes responsibility for all costs of carriage and any risk of loss.

Explanation: In this example, the FAS term specifies that the Chinese company is responsible for delivering the goods to the wharf beside the US company's chosen vessel. Once the goods are placed on the wharf, the US company assumes responsibility for all costs of carriage and any risk of loss. This means that if the goods are damaged or lost during transport from the wharf to their final destination, the US company is responsible for any losses.

free alms | free and common socage

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lilypadfrog
8:44
Wahoowa
Dkk
8:45
AI Overview +1 "Wahoowa" is a cheer and greeting used by fans of the University of Virginia (UVA).
Dkk
8:45
Learned something new today. I can sleep knowing I learned something today.
lilypadfrog
8:48
https://en.m.wikipedia.org/wiki/Dalgona I just learned about these things. Apparently they’re featured in Squid Game, but I think Squid Game is just a ripoff of the original Mr Beast Games
I learned today the term fight fire with fire comes from the early day of fire fighting when departments would just bulldoze buildings and then burn them in an attempt to stop a fire from spreading. So to stop fire from burning shit they would burn down other buildings in a more violent and destructive way thus lowering the fires moral so much it refuses to spread and work.
GreyCeaselessMammoth
8:51
that's like basically how wildland firefighting still works
I did wildland and most of the time it was controlled burns but it is pretty funny to imagine doing that in a city/neighborhood.
Dkk
8:52
The Santa Ana winds kinda helped with that because it pushed the fire back to where it had already burned despite the news media saying everything was going to get worse like the idiots they are.
Cant imagine being the guy to be like "hey so to keep your neighbors house from burning down we are going to bulldoze yours and then catch it on fire"
lilypadfrog
8:55
buddy you can either stay in or get out but we’re bulldozing this
lilypadfrog
8:55
someone brought cake to the work breakroom today
lilypadfrog
8:56
they will tell you 9 AM is too early to eat cake but they are wrong
GreyCeaselessMammoth
8:56
guys it's my bday!
lilypadfrog
8:56
happy birthday!!!
GreyCeaselessMammoth
8:56
i was going to go get myself a nice little coffee but the shop is closed because when it snows here everyone freaks out
GreyCeaselessMammoth
8:56
thanks lily!!!!
lilypadfrog
8:56
that’s probably why there was cake in my break room. someone knew it was your birthday
GreyCeaselessMammoth
8:57
exactly
GreyCeaselessMammoth
8:57
have some for me
I guess you now have to go buy alcohol now to celebrate
lilypadfrog
8:57
come here I’ll share
And for my bday a couple days ago all I got was a baby with bubble gut lol
lilypadfrog
8:58
baby and your dream law school I think those are good presents
lilypadfrog
8:59
happy bday to you too my friend
8:59
malewoods mentioned
Yeah they were all a week or so early but still pretty chill, people with January Bdays are generally the best. Just saying
@Eggan: YES! that is who it was, horny over people getting As
GreyCeaselessMammoth
9:00
yeah bulb, i've noticed that too
9:01
i wonder what happened to him but he was so annoying
lilypadfrog
9:01
I’m always wahoowa-ing in his honor
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