FAS Incoterm (Free Alongside Ship) — Risk & Cost Split

FAS — Free Alongside Ship (Incoterms 2020) What FAS means. FAS stands for Free Alongside Ship. The seller delivers alongside the vessel; used mainly for bulk and project cargo. Risk and cost are separate questions. Incoterms allocate cost and risk independently, and the point where risk transfers is often not the point where the seller stops paying. Disputes usually arise from assuming the two move together, or from using a maritime term for containerised cargo handed over at a terminal rather than loaded across the ship's rail. Getting the term right. Frequently Asked Questions. Estimate landed cost under this term.

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