FAS (Free Alongside Ship)

Also called: Free Alongside Ship

An Incoterms rule for sea and inland waterway transport under which the seller delivers the goods, cleared for export, alongside the vessel nominated by the buyer at the named port of shipment. Risk passes when the goods are alongside the ship, and the buyer arranges loading and carriage.

In practice

FAS is mostly used for bulk and heavy cargo, not containers, because containers are delivered to terminals rather than alongside ships.

Applies to: EUTürkiyeUKUSA

Related terms

Incoterms
A set of standard three-letter trade terms published by the International Chamber of Commerce that allocate delivery point, risk, costs and customs…
FOB (valuation basis)
As a valuation basis, FOB means the value of goods loaded on board at the port of export, without international freight and insurance. The United…
CFR (Cost and Freight)
An Incoterms rule for sea and inland waterway transport under which the seller delivers the goods on board the vessel and pays the freight to the…

All terms →