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  • Items proposed for consideration at the next meeting of Dispute Settlement Body February 28, 2020
    The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 28 February 2020, of the Dispute Settlement Body, which consists of all WTO members and oversees legal disputes among them. The meeting notice is circulated in the form of a document officially called an “airgram”.
    WTO
  • US donates USD 600,000 to further developing countries’ trading capacities February 25, 2020
    The United States contributed USD 600,000 (CHF 590,000) in 2019 to help developing and least-developed countries (LCDs) participate effectively in global trade negotiations. This donation will finance training workshops for officials from WTO member governments to help them deepen their understanding of multilateral trade rules and strengthen their negotiating capacity.
    WTO
  • Lithuania donates EUR 50,000 to enhance developing countries’ trading capacity February 24, 2020
    Lithuania is contributing EUR 50,000 (CHF 53,000) to help developing and least-developed countries take an active part in global trade negotiations. The contribution was acknowledged by Director-General Roberto Azevêdo at a meeting with Lithuania’s Minister of Foreign Affairs, Linas Linkevičius, on 24 February 2020.
    WTO
  • Third anniversary of Trade Facilitation Agreement sees increasing implementation rate February 22, 2020
    Three years since the Trade Facilitation Agreement (TFA) entered into force on 22 February 2017, WTO members have continued to make steady progress in its implementation. Director-General Roberto Azevêdo, on the occasion of the TFA’s third anniversary, welcomed members’ efforts to ensure traders can reap the full benefits of the Agreement.
    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.