Incoterms FAS
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Seller delivers alongside ship FAS.
Definition
FAS is exclusively maritime (not for multimodal containers — use FCA). Seller bears all costs and risks to the quay. Buyer bears on-board loading and beyond. Used for pipelines, heavy machinery, bulk grain.
Origin
Present since Incoterms 1936 ; quasi-unchanged in 2020.
Example in context
An Argentine wheat producer sells FAS Buenos Aires to a European trader — delivers 50K tons to the Rio de la Plata quay.
Related terms
- FOB — twin after loading.