FOB (Free on Board)

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FAS (Free Alongside Ship) is an international trade term and part of the Incoterms. It describes that the seller delivers the goods to the port of shipment and places them alongside the ship. Up to this point, the seller bears all costs and risks, which are then transferred to the buyer on an ongoing basis. Thus, the seller bears all costs and risks including loading and unloading, insurance and freight. This clause is used exclusively for maritime transport and is particularly suitable for bulky and bulk goods.

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One international trade clause of the Incoterms is the FCA (Free Carrier). This states that the seller delivers the goods to a specified location or to a named carrier and must bear all costs and risks up to this point, including insurance and export duties. From the point of delivery, the buyer then assumes all duties and responsibilities for the remaining stages of delivery. The clause can be used flexibly for various transportation routes such as ship or plane.

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The Incoterms (International Commercial Terms) are voluntary clauses established by the International Chamber of Commerce (ICC) to make responsibilities between buyers and sellers in international trade more understandable and uniform. The Incoterms cover all aspects of delivery, risk, transportation and customs clearance and can be included in contracts to avoid misunderstandings. The three most important and best-known Incoterms are EXW (Ex Works), FOB (Free on Board) and CIF (Cost, Insurance and Freight). Each of these clauses sets out different obligations and costs for the respective party from collection to final delivery. The Incoterms are adapted to current trade practices at regular intervals.