Our Articles

Enjoy,comment and share

RSS World Trade Organization — Latest news

  • WTO issues 2020 Annual Report May 28, 2020
    The WTO’s Annual Report, published today (28 May), provides a comprehensive account of the organization’s activities in 2019 and early 2020. The Report opens with a message from Director-General Roberto Azevêdo and a brief overview of the year. This is followed by in-depth accounts of the WTO’s main areas of activity over the past 12 […]
    WTO
  • 2020 WTO Public Forum cancelled May 28, 2020
    After careful consideration of COVID-19 related uncertainties and health concerns, the WTO has decided to cancel this year’s WTO Public Forum, scheduled for 29 September to 2 October. This decision responds to the complexities around planning to host thousands of people from around the world for a public event under the WTO roof, as well […]
    WTO
  • DDG Wolff: This is the time to consider the future of the multilateral trading system May 27, 2020
    The outbreak of the COVID-19 pandemic has heightened the urgent need to examine the underlying principles and values of the WTO and whether the organization needs change, Deputy Director-General Alan Wolff said on 27 May. Speaking at a webinar hosted by the Korean International Trade Association, DDG Wolff called for immediate action to control the […]
    WTO
  • Members discuss impact of COVID-19 on developing economies’ participation in world trade May 26, 2020
    On 26 May, WTO members assessed the impact of the COVID-19 pandemic on the trading capacity of developing countries in a virtual meeting of the Committee on Trade and Development. The new chair, Afghanistan’s WTO Ambassador, Mohammad Qurban Haqjo, said: “Trade must form part of the solution in assisting and supporting recovery in developing countries.”
    WTO

Free Alongside ship FAS



INCOTERMS 2010

 

Free Alongside Ship

Maritime and Inland Waterway transport only

Free alongside ship Incoterms 2010

 

This Incoterms® rule is suitable for maritime and inland waterway transport only. In that case, the Seller must deliver the goods alongside the named vessel such as a quay (point of transfer of the risks).

Beyond this point, any potential damage occurring to the goods is under the sole responsibility of the buyer.

Accordingly, the buyer must pay for main and post-carriage costs as well as for terminal handling charges (depending on liner terms).

However, the seller is liable for export custom clearance formalities, if applicable.

Any pre-shipment inspection required by law in the seller’s country, is at the seller’s expense.

In much the same way, the buyer is liable for import customs clearance formalities (taxes and duties, VAT).

Usual Documents required:

  • Commercial Invoice
  • Documents as agreed in the contract
  • Proof of delivery (forwarder’s certificate of receipt)

Upon request, the seller may assist the Buyer for obtaining any documents needed for the transport and import clearance.

Note that the related costs are at the expense of the buyer.

Caution:

Make sure that the exact point of delivery in the port of shipment is precisely specified (transfer of risk from seller to buyer).

When should I use the Free Alongside Ship (FAS) Incoterms rule?

Basically, the Free Alongside ship (FAS) Incoterms rule is recommended when the Seller trades produces and raw materials (such as commodities for instance) and where he has an easy access to bulk cargo (dry or liquid).

However for containerised goods, usually handed over to the carrier before the loading aboard the vessel, CFR is not fit for purpose and FCA should be considered instead.