What is Free Alongside Ship in SAP SD-FT - Foreign Trade?

SAP Term: Free Alongside Ship

• Component: SD-FT

• Component Name: Foreign Trade

• Description: An international commercial term under which the seller fulfils the seller's obligation to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment. The exporter's price includes the cost of the merchandise, packing, labeling, loading and all shipping costs to the vessel or warehouse at the named point. The Free Alongside Ship FAS term also requires the buyer to clear the goods for export. This term can only be used for sea or inland waterway transport.

Smart SAP Assistant

• Key Concepts: 
  Free Alongside Ship (FAS) is a term used in international trade to describe a type of transaction in which goods are delivered to a port and placed alongside a ship for export. The seller is responsible for delivering the goods to the port, while the buyer is responsible for loading the goods onto the ship and paying all associated costs. This type of transaction is commonly used when goods are being shipped from one country to another. 
  
  How to use it: 
  In SAP, Free Alongside Ship (FAS) transactions are handled by the Foreign Trade component of the Sales and Distribution module. This component allows users to manage all aspects of international trade, including customs clearance, export control, and freight forwarding. It also provides tools for calculating taxes and duties, as well as tracking shipments. 
  
  Tips & Tricks: 
  When using the Foreign Trade component of SAP to manage Free Alongside Ship (FAS) transactions, it is important to ensure that all necessary documents are in order before shipping. This includes obtaining export licenses, preparing customs declarations, and obtaining insurance for the shipment. Additionally, it is important to ensure that all taxes and duties are paid in full before the goods are shipped. 
  
  Related Information: 
  The Foreign Trade component of SAP also provides tools for managing other types of international trade transactions, such as Cost Insurance Freight (CIF), Cost Freight Insurance (CFI), and Free on Board (FOB). Additionally, it provides tools for managing import/export regulations, such as anti-dumping laws and embargoes.