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27 Σεπ 2024 · In a contract for international trade, free alongside ship (FAS) means that the goods will be delivered right next to the buyer's ship, to facilitate reloading.
Free Alongside Ship FAS.indd. FAS | Free Alongside Ship (named port of shipment) Incoterms® 2020 [UPDATED] The FAS (Free Alongside Ship) rule goes back to the days of sailing ships, and requires the seller to place the goods alongside the vessel nominated by the buyer.
17 Φεβ 2023 · What is Free Alongside Ship (FAS)? As indicated by its name, Free Alongside Ship (FAS) is an Incoterm that defines the seller’s responsibility in delivering goods to a specific location alongside or near a ship.
In FAS the seller clears the goods for export and delivers them alongside side the vessel nominated by the buyer at port of origin. This means that the seller is responsible for all costs and risks to the goods up to point of delivery. This term applies only for ocean or inland waterway ports.
3 Ιουλ 2024 · One such Incoterm is FAS (Free Alongside Ship), a crucial term for businesses engaged in sea freight. This comprehensive guide will delve into the intricacies of FAS, exploring its implications for costs, risks, and responsibilities for both buyers and sellers.
The Incoterm FAS or Free Alongside Ship means that the seller is obliged to get the goods cleared for export, packed and ready for loading onto the vessel at the port of origin. Following FAS shipping terms, the buyer must pay for the loading services and the freight transport.
Free Alongside Ship (FAS) Use of this rule is restricted to goods transported by sea or inland waterway. In practice it should be used for situations where the seller has direct access to the vessel for loading, e.g. bulk cargos or non-containerised goods.
