Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.
Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William
Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com
Like Free Carrier (FCA), the Incoterms Free Alongside Ship (FAS) and Free On Board (FOB) mean that the seller is responsible for arranging and paying for delivering goods to a carrier. The seller's risk ends when the goods are delivered to the main carrier. The buyer pays for the main carriage.
FAS - obligations of the seller
Under the FAS Incoterm, as the seller you must complete all export documentation, arrange and be responsible for the carriage of goods to bring them alongside a ship at a named port of shipment. The seller is also responsible for clearing goods for export.
FAS - obligations of the buyer
Once the goods have been delivered alongside a ship, the buyer becomes responsible for all risks and costs associated with the goods.
FOB - obligations of the seller
Under the FOB Incoterm, as the seller you are responsible for delivering the goods to a carrier chosen by the buyer. This means that you are responsible for the goods until they pass the rail of the ship at a named port of shipment, after which the buyer assumes costs and risks.
The seller arranges all export documentation and has to bring the goods right up to the point of passing over a ship's rail at a named port of shipment.
FOB - obligations of the buyer
As the buyer, the costs and risks associated with the goods only become your responsibility when the goods pass across a ship's rail.
FOB in practice
If the seller doesn't intend to load the goods, the FCA Incoterm should be used instead of FOB.
Methods of transport
FAS and FOB are used only for sea or inland waterway transport.
