incoterms-2010

FAS (insert named place of destination) Incoterms 2010

Free Alongside Ship means that the seller 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.

This term can be used only for sea or inland waterway transport.

FAS port of departure

FAS Seller 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 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
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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 | C&F Cost and freight | DES Ex ship | DEQ Ex quay | DAF Delivered at frontier | DDU Delivered duty unpaid

Fake INCOTERMS

Incoterms FOC Free of charge | Incoterms FOP Free on plane | Incoterms 2005 | Incoterms 2015 | Incoterms 2016 | Incoterms 2017 | Incoterms 2018 | Incoterms 2019

New INCOTERMS

Incoterms 2020 |