The FAS Incoterm or “Free Alongside Ship” is exclusive to shipping. Under the FAS Incoterm, the seller must deliver the goods alongside the ship, at the port dock. Under the FAS Incoterm, the seller is responsible for all costs and risks until the goods have been placed at the dock, including the goods being cleared for export. From this point on, the buyer takes over the risks and becomes responsible for the costs and risks of shipping.
This represents a complete change of the Incoterms previous to INCO 2000, where the buyer would have been required to complete customs clearance obligations.
Delivery of goods and documents required
Packaging and wrapping
Inland transport in the country of origin
Customs at origin
Cost of the goods
Customs on arrival
Inland transport at the destination country
Payment of fees
If you’re still unclear over whether you should choose the FAS Incoterm, you may give our article on how to choose a safe and competitive incoterm a read. Alternatively, you may give us a call. Our import and export consultants will be happy to help you out.
"Don't underestimate the value of Incoterms and their impact on international trade."
Aliona Yurlova, Business Development Manager at iContainersDOWNLOAD THE FREE GUIDE