FAS, FOB, CIF

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Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2010 Can any one explain what is F.A.S, F.O.B and CIF value of export.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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28 July 2010 F.A.S – Full form is Free Alongside. It is the cost at which the export goods are delivered alongside the ship, ready for shipment. It includes ex factory+local freight+ local taxes.

F.O.B. – Full form is Free on Board. FOB means the stage at which the goods are placed on board the conveyance carrying the vessel. It can be said to include FAS+loading charges+export duty cess.

C.I.F – Full form is Cost Insurance Freight. It is the cost at which goods are delivered at the Indian port It include FOB +INSURANCE +FREIGHT.

CH.LN.Sastry,MCom, LLB, M.Phil

CH.LN.Sastry,MCom, LLB, M.Phil (Expert)
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28 July 2010 FOB = Free on Board
CIF = Cost, Insurence, Frieght
FAS = Free Alongside Ship

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