Difference between revisions of "FAS"

Revision as of 03:21, 5 October 2017

Incoterm^® for free alongside ship. Used for Sea or Inland Waterway Shipping Modes.

Short Definition

"Free Alongside Ship means that 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. The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the Buyer bears all costs from that moment onwards."

Copyright

Short definition per Incoterms^® 2010 edition

Hierarchy

ID	Name	Level	x
INCO	Incoterms	0	INCO
FAS	Free Alongside Ship (Departure Port)	1	FAS

Free Alongside Ship (Departure Port) Incoterms 09 1 INCO, Terms, International, Trade, Standard, Terms, Transfer, Ownership, Insurance, Risk, Supply Chain, Logistics, Transport Free Alongside Ship means that 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. The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the Buyer bears all costs from that moment onwards

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