International Trade Terms

FAS - Free Alongside Ship

The seller must deliver the goods to a named port of shipment so that they arrive at the vessel and clear the goods for export.

The buyer will then bear the costs from the time of arrival at the vessel. The buyer must then take on all risks both of damage to or loss of the goods.

Are you sending the goods by ship? Get them to the side of the ship and forget about them. (Make sure you get export clearance.) It's the buyer's responsibility from there. Do make sure you have export clearance, though. And don't use FAS if water transport is not involved.

As the term FAS suggests, it can only be used where water transport is involved, whether by sea or inland waterway.

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At Shark Finesse we have developed an enterprise-grade cloud application to help businesses standardise and simplify their value engagements across the entire customer journey.

Shark, a business value engagement platform used by 1000’s of customer-facing teams globally (e.g. pre-sales, sales, value teams, and customer success) is easy to use, intuitive and usable directly with the customer to negotiate the likely business returns from investing in a solution.

By adopting the Shark approach you will fundamentally transform conversations with new and existing customers, close more business, and differentiate from the competition.