What are the similarities and differences between Incoterms FAS and FOB?

First, the nature is different.

1. FAS: A kind of sale and purchase agreement between the buyer and the seller.

2. FOB: When the goods cross the ship's side at the designated port of shipment.

The seller completes the delivery.

Second, the content is different.

1. FAS: The seller is responsible for handing over the goods to the side of the ship designated by the buyer at the port terminal, and when the ship cannot dock at the terminal and needs to be bargeed, it will be handed over to the barge, and the seller's risks, responsibilities and expenses are bounded by this, and all risks and expenses will be borne by the buyer in the future.

Third, the characteristics are different.

1. FAS: In foreign affairs, when the seller is unwilling to bear the actual export responsibility of the goods, or the goods have special difficulties in loading the ship, they often adopt the terms of shipside delivery in order to exempt themselves from certain obligations.

2. FOB: The term only applies to sea or inland waterway transportation.

Encyclopedia-fob

Encyclopedia - fas

Under the FOB condition, the seller is responsible for obtaining the export license or other official documents at its own risk and expense, and is responsible for the export formalities, while under the FAS condition, although the place of delivery is at the port of the exporting country, the seller itself is not obliged to go through the export formalities and provide the relevant documents issued by the exporting country**.

FOB is free on board, the goods cross the ship's side, the risk is assigned to the buyer by the seller, and the buyer is generally responsible for the freight and premium.

FAS stands for Free Alongside Ship, and as long as the seller delivers the goods to the side of the ship, the risk is assigned by the seller to the buyer.

The main difference between the foreign trade terms FOB and FAS is that the risk transfer division is different, and the fees are basically the same.

FOB stands for "Free on Board (Named Port of Shipment)" when the goods cross the side of the ship at the named port of shipment.

The seller completes the delivery. This means that the buyer must bear all risks of loss of or damage to the goods from that point onwards. FAS stands for "Free Alongside."

"Designated Port of Shipment)" means that the seller delivers the goods to the side of the ship at the designated port of shipment. The buyer must bear all risk of loss of or damage to the goods from that time onwards. The difference between the two is that the risk is divided into different places (the risk incurred during the period of crossing the side of the ship is borne by the seller under the FOB clause, but not by the seller under the FAS clause).

The specific content is:

1. FOB = free on board is used **, which means that all the costs before the seller wants to put the goods on the ship are borne by the seller.

2. FAS = Free Alongside is a **term, which means that all the costs before the goods arrive at the shipside at the port of shipment are borne by the seller.

3. FAS and FOB are different from the former shipside delivery party, that is, the former wants the goods to be shipped at the port of shipment, and the shipside completes the delivery obligation, in other words, the seller who bears the loading cost needs to bear the loading cost, and the risk transfer point is different, that is, the former goods are shipped at the port of shipment, and the risk is transferred to the buyer from the shipside The goods are loaded on the ship, and the risk is transferred to the buyer.

Extended information: 1. International ** terms (trade terms

of international trade), also known as **condition, **terminology.

In the international **, the obligations of the buyer and the seller will affect the ** of the goods. In the long-term international practice, a model of directly linking certain conditions closely related to the collapse of the country has gradually formed. Each model stipulates the obligations of the buyer and seller under certain conditions.

The terminology used to describe such an obligation is called a term.

2. Terminology is an indispensable content in the international representation. The use of ** terminology in the opening of the first day, the group calendar sale clarifies the responsibilities, costs and risks that both parties should bear in the handover of goods, and explains the composition of the goods. As a result, the procedures for transaction negotiation are simplified and the closing time is shortened.

Because the international practice of stipulating the terms of ** provides a complete and accurate explanation of the obligations that the buyer and seller should undertake, it avoids some disputes that may arise in the performance of the contract due to inconsistent understanding of the terms of the contract.

The common features of these three terms are:

The seller shall complete the delivery obligation by delivering the goods to the carrier designated by the buyer or loading them on the means of transport designated by the buyer at the time and place specified in the sales contract. The buyer enters into the contract of carriage at its own expense, appoints the carrier, and bears all the responsibilities, risks and expenses after the goods are handed over to the carrier. A sales contract concluded in accordance with Group F terms is a shipment contract.

International ** terminology.

The similarities and differences between FAS and FOB are: different in nature: FAS:

A sale and purchase agreement between the buyer and the seller, FOB: the seller completes delivery when the goods cross the ship's side at the designated port of shipment; The content is different; Features are different: fas:

In the case of foreign goods, when the seller is unwilling to assume the actual responsibility for the export of the goods, or when the goods have special difficulties in loading on board, they often adopt the terms of delivery alongside the ship in order to exempt themselves from certain obligations, and the term FOB: applies only to sea or inland waterway transport.

FAS generally refers to delivery alongside the ship. Free alongside the ship refers to a sale and purchase agreement in which the seller is responsible for delivering the goods to the side of the ship designated by the buyer at the port terminal, and when the ship cannot dock at the terminal and needs to be bargeed, it is handed over to the barge, and the seller's risks, liabilities and expenses are bounded by this, and all risks and expenses in the future are borne by the buyer. In the case of foreign goods, when the seller is unwilling to bear the actual export responsibility of the goods, or the goods have special difficulties in loading on the ship, they often adopt the terms of delivery alongside the ship, so as to exempt themselves from certain obligations.

FOB generally refers to the free on board price.

Free on board is also known as "fob". One of the most international terms. The seller completes delivery when the goods cross the ship's side at the named port of shipment.

This means that the buyer must bear all risk of loss of or damage to the goods from that point onwards. In addition, the seller must go through the formalities related to the export of the goods.

International**, also known as trade, refers to the transaction of goods and services across national borders, which is generally composed of imports and exports, so it can also be called import and export. International**also called the world**.

Imports and exports** can regulate domestic factors of production.

It is necessary to improve the international relationship between supply and demand, adjust the economic structure, and increase fiscal revenue.

Wait. The international major belongs to the discipline of economics, mainly based on economic theories, including microeconomics.

Macroeconomics, International Economics, Econometrics, Introduction to World Economics, Political Economy. Wait.

FOB and CIF are both the most widely used terms internationally. However, in some countries, there is a preference for CIF for export and FOB for import.

fob:free

onboard(..named

portofshipment) free on board (set out the port of shipment).

It is generally understood that the seller is obliged to deliver the prepared goods to the buyer's ship at the designated port in the manner customary at the port within the prescribed time limit. The key here

Word is the "side of the designated ship", which is the key point in the division of responsibilities, costs and risks between the buyer and the seller. The seller is not obliged to transport the goods!! at the buyer's expense) as long as the goods cross the side of the named vessel, all costs and risks shall be borne by the buyer; This is also true if the buyer does not specify the name of the vessel, the place of loading, or if it is overdue.

In FOB, there is no contract between the seller and the carrier, only a receipt or bill of lading. There is no mention of an obligation to insure in the FOB, but in the case of the above, the seller only needs to insure the period of time before crossing the ship's side.

cif：cost,insurance

andfreight(named

portofdestination) cost, insurance, freight (set the port of destination). In CIF, the seller has to pay not only the main shipping cost, but also the insurance premium. Under normal conditions, the contract of carriage and the contract of carriage are concluded at one's own expense, and the freight of the vessel is paid, which is also transferred to the buyer after crossing the side of the ship.

CIF does not stipulate the time when the goods will arrive at the port of destination (as it is only a shipping contract). Unlike FOB, the CIF seller is only obliged to pay the freight to the port of destination, and has no obligation to arrive at the port of destination, which is why exports tend to be CIF terminology.

fob（free

The acronym of onboard), also known as "FOB", is one of the terms commonly used in the international market.

In the case of FOB transactions, the buyer is responsible for dispatching the ship to receive the goods, and the seller shall load the goods on the vessel designated by the buyer within the port of shipment and the specified time limit specified in the contract, and notify the buyer in a timely manner. When the goods are loaded onto the named vessel at the port of shipment, the risk passes from the seller to the buyer.

The 1941 Revised Definition of Foreign Countries in the United States divides FOB into six interpretations, of which only are: Deliveries on Board at the Designated Port of Shipment (FOB).

vessel，"named

portofshipment") is similar to the interpretation of FOB terminology in the 2000 General Principles. Therefore, the interpretation and application of FOB in the 1941 Revised Definition of the United States is significantly different from the general interpretation and application in the world, which is mainly manifested in the following aspects:

1 In the United States, the practice of interpreting the FOB in general terms as delivery of goods on a particular means of transport at a certain place has a wide range of applications, so that when entering into a contract under the FOB with merchants from the United States, Canada, etc., the word "vessel" must be added after the FOB in addition to the name of the port of shipment. If you only subscribe to "fob

sanfrancisco" and omitting the word "vessel", the seller is only responsible for transporting the goods to any premises within the city of San Francisco, and is not responsible for transporting the goods to the port of San Francisco and handing them over to the ship.

2 In terms of risk classification, it is not bounded by the side of the ship at the port of shipment, but by the hold, that is, the seller bears all the loss and damage that occurs until the goods are loaded into the hold.

3 With respect to the burden of costs, the buyer is required to pay the documentation costs for the seller's assistance in importing the documents, as well as import taxes and other costs incurred.

free

onboard

Delivered on board means that the seller completes delivery of the goods when they cross the ship's side at the named port of shipment.