According to Incoterms,the Risk of Loss Under Contract Terms "FAS

question 51

True/False

According to Incoterms,the risk of loss under contract terms "FAS Name of Vessel" passes to the buyer when the goods are delivered alongside the named vessel.

---

Definitions:

Cumulative Cash Surplus

Cumulative Cash Surplus represents the total amount of cash that exceeds the expenses over a period, indicating a company's financial health and ability to finance its operations.

Cash Balance

The amount of cash a company has on hand at any given time, reflecting its immediate liquidity position.

Capital Expenditure

Funds used by an organization to acquire or upgrade physical assets to improve its long-term capacity and efficiency.