FAS Incoterm

FAS (Free Alongside Ship) is an Incoterm that defines a delivery arrangement whereby the seller is responsible for delivering goods to a designated port. The seller must place the goods alongside the vessel selected by the buyer, and all costs incurred up until this point are covered by the seller.

Once these obligations have been fulfilled, responsibility and risk transfer from the seller to the buyer; the buyer now bears any additional costs, such as freight or insurance.

FAS is most commonly used in shipments of bulk commodities, applying to ocean transport only.