B-6-16- Incoterms © 2000 fas


FAS, Free Along Ship, is one of the 13 Incoterms © 2000



Incoterms 2000 ©
 CFR   CIF   CIP   CPT   DAF   DDP   DDU   DEQ   DES   EXW   FAS   FCA   FOB  

The Incoterms © FAS 2000 is an Incoterm © with the main transport "not paid" by the exporter.

The Incoterms © FAS 2000 is an "main carriage unpaid" Incoterms ©.

The Incoterms © FAS 2000 is used for maritime and river transport.

6-16-1- Summary

The exporter obligations are fulfilled after customs clearance, when the goods are placed, along the ship or at the dock. From that moment, the importer assumes all costs and risks. The importer designates the ship, pays the freight and negotiates and signs the transport contract. This Incoterms © resembles Incoterms © FOB and FCA. They are part of the same group. The big difference is the ownership transfer takes place when the goods arrive at the dock to be placed on the ship.

6-16-2- From the viewpoint of the importer

The importer chooses the goods carrier (main and post-transport) Il paie ainsi le transport. Thus, the importer pays for transport. As indicated on the table, the costs and risks transfer to the importer once the goods are in the possession of the carrier. The goods must be delivered at the designated location (i.e. FCA "seller's premises"). Each party is responsible for their respective countries’ customs formalities.
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6-16-3- Advantages for the importer

Il se charge ici de l'opération de livraison de son pays. The importer is responsible for delivery operations, excluding packaging, which is advantageous due to the exporter’s familiarity with companies specializing in packaging for export. Skills and experience in international transactions, or working with an international expert such as a freight forwarder, allows the importer to assume the responsibilities of customs clearance. In these cases, error-free professionalism is ensured.

6-16-4- From the viewpoint of the exporter

As indicated in the table of costs and risks, the first costs incurred by the exporter are the packaging costs. The "pre-shipment carriage" and customs costs are also incurred by the exporter.

( Frais de documents pour l'exportateur )

6-16-5- Advantages for the exporter

The exporter supports operations on his country. This Incoterm © is used when a high level of familiarity exists among the involved stakeholders. Here, the exporter must have a strong familiarity with the stakeholders responsible for transport up until "alongside ship."

6-16-6- The point of ownership transfer: upon goods placement alongside ship


Be sure to make certain costs are borne either by the importer or exporter during transfer of the goods onto the ship.


6-16-7- Incoterms © FAS 2000: Distribution of costs and risks

 Description

 Costs

Risks
 Packaging  Exporter  Exporter
 Choice of carrier  Each chooses  E/I
 Pre-transport  Exporter  Exporter
 Loading  Importer  Importer
 Costs of loading  Exporter  Exporter
 Unloading  Importer  Importer
 Costs of unloading  Importer  Importer
 Transport payment  Exporter up until the quay  Importer
 Insurance payment  Importer et Exporter  
 Import customs fees  Importer  Importer
 Export customs fees  Exporter  Exporter
 Post-transport  Importer  Importer