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FAS Free Alongside Ship: The Dockside Delivery
Under the term FAS Free Alongside Ship, the seller delivers when the goods are placed alongside the vessel at the named port of shipment. Imagine standing on the dock, watching as goods are unloaded and placed beside a ship. That’s FAS. This term, dating back to 1936, is a maritime classic, capturing the romance of old-world dockside trade.
Seller’s Obligations:
Deliver the goods alongside the ship at the named port of shipment.
Clear the goods for export.
Buyer’s Obligations:
Arrange and pay for sea freight and insurance.
Clear the goods for import, paying any customs duties.
FAS instance:
FAS Free Alongside Ship
The buyer in New Delhi is a smartphone assembler, purchasing $1,000,000 in smartphone tempered glass screen modules from the giant glass module manufacturer BIEL Crystal in China. If the shipment is FAS, the seller BIEL must deliver the goods to the point of loading indicated by the buyer at the Port of Hong Kong, where the goods will be shipped out. If both parties take FOB term for this shipment, the seller must also take responsibility for loading the goods onto the ship.
FAS is only available for ocean or inland waterway transportation. It is widely used with bulk cargo like oil or grain.
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