FAS— Free Alongside Ship(Giao dọc mạn tàu)
FAS (Free Alongside Ship) is a maritime rule: the seller delivers by placing the goods alongside the vessel nominated by the buyer at the loading port (on the quay or a barge), once export clearance is done.
Cost, risk and clearance at a glance
Delivery & risk transfer
Risk passes once the goods are placed alongside the ship, so lifting them on board is already at the buyer's risk and cost. If the vessel is late or skips the call, the risk for the cargo waiting at port lies with the buyer.
Cost split
The seller pays to bring the goods alongside and to clear them for export; the buyer pays from there on: loading on board, ocean freight, insurance (if any), discharge and import clearance.
Insurance
Neither party is obliged to insure. Whichever party bears the transit risk should consider buying cover for that leg.
Watch out for
- FAS suits bulk and breakbulk cargo (rice, coal, steel bars…) handed over at the quay. Containers are delivered at the yard, not alongside the ship, so FCA should be used instead.
- For sea and inland-waterway transport only.
Converting a FAS price to Vietnamese customs value
Importing into Vietnam
- + International freight to the import gate
- + International insurance (if bought)
Exporting from Vietnam
The invoice price is already at the valuation point, so the customs value equals the invoice price.
Compute duty with this term →Legal basis: Circular 39/2015/TT-BTC, amended by 60/2019/TT-BTC.
"Incoterms" is a registered trademark of ICC. This page is HSCodeVN's own plain-language summary, for reference only; the authoritative rules are ICC's Incoterms® 2020 publication.