Issue 01 . Jan 2019
The FAS (Free Alongside Ship) is an Incoterms rule that has its roots in the days of sailing ships. It requires the seller to place the goods alongside the vessel nominated by the buyer. FAS is rarely used these days but still might be appropriate in some cases. For instance, it is typically seen in shipments of heavy machinery that are brought to the wharf or barged up alongside the vessel to be loaded on board by the buyer or its vessel’s equipment. The goods are not delivered until the vessel is available in the port of shipment for the goods to be next to it. Under FAS, the seller assumes all risk until the goods are unloaded at the specified location at the named loading port. The risk is transferred to the buyer when the goods have been placed alongside the vessel nominated by the buyer at the loading point at the named port of shipment.
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