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  • Trade Policy Review: Saudi Arabia March 3, 2021
    The third review of the trade policies and practices of Saudi Arabia takes place on 3 and 5 March 2021. The basis for the review is a report by the WTO Secretariat and a report by the Government of Saudi Arabia.
    WTO
  • Civil society call for fishing subsidies deal welcomed by Dr Ngozi and negotiations chair March 1, 2021
    Director-General Ngozi Okonjo-Iweala welcomed civil society’s plea for a successful conclusion to the fisheries subsidies negotiations, illustrated through a fish ice sculpture set up by a coalition of non-governmental organizations (NGOs) in front of the WTO headquarters on 1 March. Dr Okonjo-Iweala visited the sculpture accompanied by the chair of the negotiations, Ambassador Santiago Wills […]
    WTO
  • Twelfth Ministerial Conference to take place in Geneva in late 2021 March 1, 2021
    WTO members have agreed that the organization’s Twelfth Ministerial Conference (MC12) will take place in the week of 29 November 2021 in Geneva, Switzerland. The timing and venue were endorsed at a meeting of the WTO’s General Council on 1 March.
    WTO
  • DG Okonjo-Iweala: WTO can deliver results if members “accept we can do things differently” March 1, 2021
    Addressing the WTO General Council immediately after taking office on 1 March, Director-General Ngozi Okonjo-Iweala called on members to “do things differently” to achieve reforms necessary to keep the WTO relevant, starting with swift action to curb harmful fisheries subsidies, and to help scale up COVID-19 vaccine production and distribution. The new head of the […]
    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.