bulk cargos or non-containerised goods. FAS stands for Free Alongside Ship, with the name of the loading port to be inserted afterwards.
Free Alongside Ship (FAS) Use of this rule is restricted to goods transported by sea or inland waterway. It is often used in situations where the seller of the goods has direct access to the vessel in order to load it. The FAS Incoterm or “Free Alongside Ship” is an Incoterm that is exclusive to ocean freight shipping. FAS-Free Alongside Ship-(named port of shipment) "Free Alongside Ship" means that the seller fulfils his obligation to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment. In practice it should be used for situations where the seller has direct access to the vessel for loading, e.g.
The seller delivers when the goods are placed alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the named port of shipment. Introduction to Free Alongside Ship (FAS) FAS is rarely used these days but still might be appropriate typically in shipments of heavy machinery which is brought to the wharf or barged up to the alongside the vessel, in both cases to be loaded on board by the buyer or its vessel’s equipment. FAS – Free Alongside Ship (Port of Shipment) - Incoterms 2020 Explained. In accordance with rules of Incoterms® 2010,the FAS (Free Alongside Ship) rule is to be used only for sea or inland waterway transport. For containerised goods, consider “Free Carrier FCA” instead. The named port of departure location can be a loading dock or a barge, but not a container terminal. Incoterms® FAS is one of them. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment. In 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. This means that the seller is responsible for all costs and risks to the goods up to point of delivery. In FAS the seller clears the goods for export and delivers them alongside side the vessel nominated by the buyer at port of origin. Under FAS, the seller must deliver the goods alongside the ship at the port dock and is responsible for all costs and risks until the goods have been placed at the dock. Seller delivers goods, cleared for export, alongside the vessel at a named port, at which point …