Buyer’s and Seller’s responsibility to bear costs under FAS

The INCOTERM FAS (Free Alongside Ship)  

Free Alongside Ship,  Allocation of expenses to buyer and seller.

 

Q) Under the INCOTERM FAS, who should bear all cost related with Export customs declaration?

 

Answer

 The Seller has to bear all cost related with Export customs declaration if contract is under the INCOTERM FAS.

 

Q) Who has to pay the Carriage to port of export under FAS terms?

 

Answer

The Seller is responsible for paying carriage to port of export under FAS terms.

 

Q) Who is responsible for all the cost for unloading of truck in port of export, in FAS terms?

 

Answer

All the cost for unloading of truck in port of export should be given by the Seller under the INCOTERM FAS.

 

Q) Who is obliged to bear all cost for loading the cargo on vessel/airplane in port of export under FAS terms?

 

Answer

The buyer should pay all cost for loading the cargo on vessel/airplane in port of export under FAS terms.

 

Q) In INCOTERM FAS, who should give money to Carriage (sea/air) to port of import?

 

Answer

In INCOTERM FAS, the buyer should give money to Carriage (sea/air) to port of import.

 

Q) Who should arrange Insurance for the shipment under FAS term?

 

Answer

The buyer has to arrange Insurance for the shipment under FAS term.

 

Q) According to the INCOTERM FAS, all the expenses for unloading the cargo in port of import are whose responsibility?

 

Answer

 The Buyer is responsible for paying all the expenses for unloading the cargo in port of import according to FAS terms of delivery.

 

Q) Under FAS INCOTERM, who should pay for Loading on truck in port of import?

 

Answer

If the contract is under FAS INCOTERM, then the buyer should pay for Loading on truck in port of import.

 

Q) Who is responsible for arranging Carriage to place of destination under FAS terms?

 

Answer

The Buyer is responsible for arranging Carriage to place of destination if the term of delivery is under FAS terms.

 

Q) Who is obliged to settle all cost for Import customs clearance in FAS terms?

 

Answer

All payment settlement for Import customs clearance in FAS terms is obliged with the Buyer.

 

Q) Import duties and taxes should be paid by whom under the FAS INCOTERM.

 

Answer

Import duties and taxes should be paid by the buyer under the FAS INCOTERM.

 

 

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