The seller places the goods alongside the buyer's vessel at the port of shipment. Loading, freight and insurance are paid by the buyer. The FAS term is already selected in the generator
Parties, documents and specifics for every deal scheme
The FAS term is passed into the form from this page
Import or export of goods. The parties, the goods with HS codes and the prices go into the same form; the Russian party's details are filled in from its INN (tax ID).
The FAS term is already selected. Enter the port of shipment: the port and, if known, the berth. The delivery term text in the specification will be assembled for FAS.
The whole document is visible before payment: the English and Russian columns, the specification, the delivery term. After payment you get the DOCX.
An Incoterms rule applies to the supply of goods — import or export
The supplier delivers the goods alongside the vessel at the port of shipment; from there it is your freight.
You deliver the goods alongside the buyer's vessel at a Russian port.
Risk passes when the goods are placed alongside the buyer's vessel at the port of shipment
A delivery term without an exact place and without the conditions around it does not work well
Meaning, risk, costs, title
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FAS is a sea term for cargo delivered alongside the vessel rather than handed over to a carrier at a terminal: for containers the Incoterms 2020 explanatory notes recommend FCA. The seller is responsible for the goods up to the quay, the buyer for loading, freight and everything after.
The delivery term is set out in Annex No. 1 (Specification) in English and Russian. The English column for this term:
FAS [place]
Delivery and transfer of risk: The Seller has fulfilled its delivery obligation when it places the Goods alongside the vessel nominated by the Buyer at the named port of shipment ([place]). The risk of loss of or damage to the Goods and the title to the Goods pass from the Seller to the Buyer at that moment. This rule is to be used only for sea and inland waterway transport.
Costs: The Seller bears the costs until the Goods are placed alongside the vessel, including export formalities. The Buyer bears the costs of loading on board, freight, insurance and all subsequent costs.
Customs clearance: export clearance is the Seller's obligation; import clearance, duties and taxes are the Buyer's.
When goods are imported into Russia under FAS, the main carriage to the border is paid by the buyer, and these costs are not included in the price of the goods. Under Article 40 of the EAEU Customs Code, the costs of carriage to the place of arrival in the customs territory of the EAEU, as well as loading, unloading, transshipment and insurance in connection with that carriage, are added to the price when the customs value is calculated. So the carrier's and insurer's invoices up to the border will be needed for the declaration.
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