FAS (FREE ALONGSIDE SHIP)

"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 REVESAL FROM PREVIOUS INCOTERMS VERSIONS WHICH REQURED 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 working to this effect in the contract of sale.

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

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