The following Commercial guidance note provides comprehensive and up to date legal information covering:
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Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For the FAS Incoterm applicable from 1 January 2020, see Practice Note: Incoterms® 2020 Rules—FAS Free alongside ship.
FAS (insert named port of shipment) Incoterms® 2010
This rule is to be used only for sea or inland waterway transport.
‘Free Alongside Ship’ means that the seller delivers when the goods are placed alongside the vessel (eg, on a quay or a barge) nominated by the buyer at the named port of shipment. The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the buyer bears all costs from that moment onwards.
The parties are well advised to specify as clearly as possible the loading point at the named port of shipment, as the costs and risks to that point are for the account of the seller and these costs and associated handling charges may vary according to the practice of the port.
The seller is required either to deliver the goods alongside the ship
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