FAS - FREE ALONGSIDE
SHIP (incoterms 2000)
What is FAS?
FAS is a delivery
term Free Alongside Ship specified in INCOTERMS 2000.
FAS means that the seller
delivers goods cleared for export and placed alongside the
vessel at the named port.
The goods delivered with FAS
are cleared for export by seller.
This also means that the
buyer should bear all costs and risks of loss or damage from
that point.
It is recommended
to verify specific details in Incoterms 2000.
Import, Export,
Incoterms
The seller's
obligations in FAS term:
Provision of goods
Licenses and export
formalities
Delivery at the named place
of loading and placed alongside the vessel
Transfer of risks to the
buyer
Details are
specified in Incoterms 2000
The buyer's
obligations in FAS term:
Payment of the price
Licenses and export
formalities
Contracts of carriage to the
named place of loading and insurance
The buyer should bear all
risks from the time the goods are delivered according to FAS
term
Details are
specified in Incoterms 2000
Additional
information about divisions of costs, notice to the
buyer, notice to the seller, proof of
delivery, transport documents and other
obligations available in INCOTERMS 2000 of
ICC.
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database
Subjects keywords:
FAS, FREE ALONGSIDE
SHIP, FAS definition, seller's obligations in FAS term,
buyer's obligations in FAS term, INCOTERMS. All
information about FAS.
