Glossary Discription

Free Alongside Ship (FAS) is an international trade term under Incoterms that indicates the seller’s responsibility ends when goods are placed alongside the vessel at the designated port of shipment. From that point, the buyer assumes responsibility for all costs, including loading onto the ship, ocean freight, insurance, and import duties. In logistics, FAS is commonly used for bulk cargo or containerized shipments where the buyer arranges transport beyond the port. The term clarifies cost allocation, risk transfer, and operational responsibilities between the seller and buyer, reducing disputes and ensuring smooth international trade transactions. Effective management under FAS requires proper documentation, coordination with port authorities, and adherence to customs and shipping regulations.

Key Characteristics:

• Seller Responsibility
• Buyer Liability
• Port Delivery
• Cargo Positioned
• Risk Transfer
• Cost Allocation
• Shipping Coordination
• Compliance Required