Answered Essay: Give at leaset 5 differences between the INCOTERMS; of CFR and FAS in import export?

Give at leaset 5 differences between the INCOTERMS; of CFR and FAS in import export?

Expert Answer

Answer
FAS CFR
The seller delivers when the goods are placed alongside the buyer’s vessel at the named port of shipment The seller pays for the carriage of the goods up to the named port of destination
This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment. Risk transfers to buyer when the goods have been loaded on board the ship in the country of Export
The FAS term requires the seller to clear the goods for export, if the parties wish the buyer to clear the goods for export, this should be made clear by adding explicit wording to this effect in the contract of sale The Shipper is responsible for origin costs including export clearance and freight costs for carriage to named port.
This term should be used only for non-containerized seafreight and inland waterway transport. CFR should only be used for non-containerized seafreight and inland waterway transport
This covers only part of what is covered in CFR The shipper is not responsible for delivery to the final destination from the port (generally the buyer’s facilities), or for buying insurance
Any damage in transit is not Shipper’s risk Any damage in transit till the export is shipper’s risk
Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

HOW OUR ONLINE ESSAY WRITING SERVICE WORKS

Let us write that nagging essay.

STEP 1

Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.

STEP 2

Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.

STEP 3

Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.

STEP 4

Receive your Paper

After Editing, your paper will be sent to you via email.