§ 554.2319

554.2319 F.O.B. and F.A.S. terms. 1. Unless otherwise agreed the term F.O.B. (which means 'free on board') at a named place, even though used only in connection with the stated price, is a delivery term underwhich a. when the term is F.O.B. the place of shipment, the seller must at that place ship the goods in the manner provided in this Article (section 554.2504) and bear the expense andrisk of putting them into the possession of the carrier; or b. when the term is F.O.B. the place of destination, the seller must at the seller’s own expense and risk transport the goods to that place and there tender delivery of them in themanner provided in this Article (section 554.2503); c. when under either paragraph 'a' or 'b' the term is also F.O.B. vessel, car or other vehicle, the seller must in addition at the seller’s own expense and risk load the goods onboard. If the term is F.O.B. vessel the buyer must name the vessel and in an appropriate casethe seller must comply with the provisions of this Article on the form of bill of lading (section554.2323). 2. Unless otherwise agreed the term F.A.S.

r must name the vessel and in an appropriate casethe seller must comply with the provisions of this Article on the form of bill of lading (section554.2323). 2. Unless otherwise agreed the term F.A.S. vessel (which means 'free alongside') at a named port, even though used only in connection with the stated price, is a delivery termunder which the seller must a. at the seller’s own expense and risk deliver the goods alongside the vessel in the manner usual in that port or on a dock designated and provided by the buyer; and b. obtain and tender a receipt for the goods in exchange for which the carrier is under a duty to issue a bill of lading. 3. Unless otherwise agreed in any case falling within subsection 1, paragraph 'a' or 'c' or subsection 2 the buyer must seasonably give any needed instructions for making delivery,including when the term is F.A.S. or F.O.B. the loading berth of the vessel and in an appropriatecase its name and sailing date. The seller may treat the failure of needed instructions as afailure of cooperation under this Article (section 554.2311). The seller may also at the seller’soption move the goods in any reasonable manner preparatory to delivery or shipment.

d instructions as afailure of cooperation under this Article (section 554.2311). The seller may also at the seller’soption move the goods in any reasonable manner preparatory to delivery or shipment. 4. Under the term F.O.B. vessel or F.A.S. unless otherwise agreed the buyer must make payment against tender of the required documents and the seller may not tender nor thebuyer demand delivery of the goods in substitution for the documents. [C66, 71, 73, 75, 77, 79, 81, §554.2319]2013 Acts, ch 30, §141, 142Referred to in §554.2311 Sat Dec 23 01:49:47 2023 Iowa Code 2024, Section 554.2319 (25, 0)