Incoterms
FAS: Free Alongside Ship
the Incoterms rules for FAS (short for “Free Alongside Ship”), the seller clears goods for export and places them alongside the vessel at the named port of departure. The named port of departure location can be a loading dock or a barge, but not a container terminal.
The buyer is
responsible for loading the freight onto the vessel, as well as handling local
carriage, discharge, import formalities and duties and onward carriage to the
final destination.
FAS only applies
to ocean or inland waterway transport. It is popular with bulk cargo, such as
oil or grain.
Free Alongside Ship
Incoterm Obligations
Seller’s Obligations
o Goods,
commercial invoice and documentation
o Export
packaging and marking
o Export
licenses and customs formalities
o Pre-carriage
to terminal
o Delivery
alongside vessel at port of shipment
o Proof
of delivery
o Cost
of pre-shipment inspection
Buyer’s Obligations
o Pay
the price of the goods as provided in the sales contract
o Loading
charges
o Main
carriage
o Discharge
and onward carriage
o Import
formalities and duties
o Cost
of pre-shipment inspection (for import clearance)
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