FREE ALONGSIDE SHIP CONTRACT

"Free Alongside Ship" means that the seller fulfills his obligation to deliver when the
goods have been placed alongside the vessel at the named port of shipment. This
means that the buyer has to bear all costs and risks of loss of or damage to the
goods from that moment.

Under FAS terms, the sellers risk and responsibility end the moment the goods are
delivered alongside the vessel at the named port of origin:

Sellers Responsibilities:

1) Produces the goods and commercial documents as required by the sales contract.
2) Arranges for export clearance IF stipulated in the sales contract.
3) Makes the goods available to the buyer alongside the vessel at the named port of
shipment.
4) Assumes all risk to the goods (loss or damage) only up to the point they have been
delivered to the port at the named place and time stipulated in the sales contract.
5) Seller must advise the buyer of the location and time that goods have been
delivered alongside the named vessel.
6) Seller has to provide the buyer with proof of delivery to the carrier or transport
documents.

Buyers Responsibilities:

1) Buyer must pay for the goods as per the sale contract
2) Buyer must obtain all commercial documentation, licenses, authorizations, and
import formalities at own risk and cost.
3) Buyer must take delivery of the goods when they have been made available by the
seller alongside the vessel at the named port of origin.
4) Buyer must assume all risk and responsibility for the goods from the time the
goods have been delivered alongside the vessel to delivery into the buyers
warehouse or other specified location.
5) Buyer pays for all costs of transportation, insurance, export and import customs
and duty fees, and all other formalities and charges related to the transportation of
the shipment from the time the goods have been delivered alongside the vessel. This
includes all costs relating to loss or damage of goods or non-delivery from the time
the goods have been delivered alongside the vessel.
6) Buyer would accept the sellers proof of delivery to the carrier or transport
documents.