FOB incoterms 2010

FAS
Free alongside ship

FAS Seller (export) pays for:

  • Packing suitable for sea freight
  • Loading charges at Sellers warehouse
  • Customs clearance for export
  • Export taxes and duties
  • Delivery to port departure
  • Terminal charges until ships hook
  •  
  •  

FAS Buyer (import) pays for:

  • Loading on board
  • Freight charges
  • Terminal charges arrival
  • Customs clearance for import
  • Import taxes and duties
  • Delivery to final destination
  • Insurance
  • Unloading at destination
incoterms-2010

FAS (free alongside ship) Incoterms 2010

Free Alongside Ship means that the seller (export) delivers when the goods are placed alongside the vessel at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment. The FAS term requires the seller to clear the goods for export. THIS IS A REVERSAL FROM PREVIOUS INCOTERMSVERSIONS WHICH REQUIRED THE BUYER TO ARRANGE FOR EXPORT CLEARANCE. However, if the parties wish the buyer to clear the goods for export, this should be made clear by adding explicit wording to this effect in the contract of sale.

FAS free alongside ship can be used for ocean and waterways transport.

FAS cann't be used for container transport!

Incoterms 2010

EXW Incoterms 2010 Incoterm 2010 Ex works | FCA Incoterms 2010 Free Carrier Incoterm | FOB Incoterms 2010 Free on Board Incoterms| FAS Incoterms 2010 Free Along Sides | CFR Incoterms 2010 Cost and Freight | CIF Incoterms 2010 Costs Insurance and Freight | CPT Incoterms 2010 Carriage Paid to | CIP Incoterms 2010 Carriage and Insurrance Paid to | DAT Incoterms 2010 Delivered at Terminal | DAP Incoterms 2010 Delivered at Place | DDP Incoterms 2010 Delivery and Duty Paid to

INCOTERMS

Incoterms 2010 is the latest version | Don't use FOB Incoterms transport in containers | Don't use FAS for air cargo | Don't use CFR Incoterms for rail freight | Don't use CIF Incoterms for truckloads | Do not use fob - fas - cfr - cif for air cargo |

Retired INCOTERMS

FOR Free on rail | FOT Free on truck | DES Ex ship | DEQ Ex quay | DAF Delivered at frontier | DDU Delivered duty unpaid