FAS Incoterms Explained: What You Need to Know
FAS INCOTERMS are very important for the world trading system especially for large volume of cargoes. In addition to that, FAS helps eliminate confusion between the sellers and the buyers due to well-defined roles of who does what in the shipping exercise. However, it is important that businesses who use it understand that it has its disadvantages, which includes the inability to control costs, as well as lack of adequate flexibility. That way, individuals and companies can manage global trade, shipping and transportation in a manner that reflects FAS implications and promote successful business in different countries.
