The FAS trade term is delivery aside the ship (...designated port of shipment), and the trade term FAS means that the seller delivers the goods to the side of the ship at the designated port of shipment, that is, complete delivery. The buyer must bear all risks of loss or damage to the goods since then. FAS requires the seller to go through export customs clearance procedures. This is contrary to the content of the previous version, which requires the buyer to arrange export procedures. However, if the parties want the buyer to go through the export procedures, it needs to be clearly stated in the sales contract. This term only applies to sea or inland water transportation.
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