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you want to update about ? What are the obligations of sellers and buyers? * Are you wondering about the risks in FAS Incoterms 2020?
Proship.vn would like to update detailed information about what FAS conditions are and knowledge related to the obligations, responsibilities and common interests of sellers and buyers in delivery and receipt of goods at the ship's side. In particular, when coming to Proship, we will help you complete your entire route for all problems and problems related to shipping by sea or inland waterway.
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
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What are FAS conditions?
What is FAS? FAS (Free Alongside Ship) terms, meaning delivered alongside the ship (at the specified port of loading). Under this condition, the exporter will bear all responsibilities and costs until the goods are placed alongside the ship, on the wharf or barge at the loading port according to regulations.
Thus, the seller will pay the (domestic) freight until the goods are delivered to the delivery port and the buyer will pay the loading, transportation, insurance, unloading and domestic transportation charges. location from the place of unloading to its warehouse. The transfer of risk takes place when the goods are delivered at the wharf where they are delivered.
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
Find out details about FAS conditions in Incoterms 2020 when delivering goods at ship's side
Further detailed information clarifying what FAS conditions are will be specified as follows:
Costs must be borne by the parties
Buyer bears:
- Pay for the goods to the seller
- Cost of import procedures: import tax, import license application, other costs if problems related to the license arise
- Cost of renting a vehicle to transport goods
- All costs incurred if the obligations of the delivery contract are not fulfilled at the ship's side.
Seller bears:
- Cost of export procedures: export tax, applying for an export license, what happens if problems related to the license arise
- The cost of notifying the seller that the goods have been delivered according to the contract
- All costs related to the goods until they are delivered at the port or alongside the ship
- Costs to ensure that goods are controlled in terms of quantity, quality, and marking.
Buyer's obligations:
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- Pay for goods according to the commercial invoice of the shipment
- Rent an international means of transport, notify the seller of information about the ship and delivery time
- If requested by the seller, help the seller obtain the necessary documents for export, at the seller's expense.
- Import customs clearance.
Seller's obligations:
- Delivery alongside the designated carrier accompanied by a commercial invoice and other documents specified in the contract
- Notify the seller in advance about the possible delivery time
- If requested by the buyer, obtain the necessary documents for importation at the buyer's expense.
- Packing and marking
- Export customs clearance
- Sellers do not need to purchase insurance. However, if the buyer requests necessary information to purchase insurance, the seller must bear the risk and expense of providing this information to the buyer.
Cargo insurance in FAS Incoterms 2020
No party is obliged to purchase goods insurance in FAS Incoterms 2020. However, if the buyer requests, the seller must bear the risk and expense of providing the information the buyer needs to purchase insurance. goods.
About the delivery of goods
With FAS Incoterms 2020, the transfer of goods is considered completed when the seller places the goods alongside the ship as specified or purchases goods with similar conditions.
the risks in FAS delivery conditions? What does FAS regulate in Incoterms 2020 Risk from the seller transfers to the buyer when the seller completes placing the goods from his inland means of transport along the ship's side as stipulated in the contract. The cost of unloading the goods will be paid by the seller, but the cost of loading the goods from the side of the ship to the main means of transport in this condition is the ship, at which point the seller will not be responsible.
Thus, Proship.vn has just answered questions for relevant parties, including sellers and buyers, in shipboard delivery under FAS conditions, so if any customers are in need of real research. For details to clarify all directly related issues, you can refer to the information or quickly contact via hotline 0909 344 247 , our staff will advise thoroughly. And when there is a need to choose sea transportation or inland waterway transportation, Proship will support you thoughtfully and enthusiastically according to the committed delivery schedule.
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
