free alongside ship

free alongside ship definition - business

free alongside ship

A clause in a sales contract that identifies the seller's obligation to assume the risk and pay the expenses for transportation from the seller's place of business to the embarkation point where the buyer or buyer's agent will accept the goods.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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