What are the differences between FAS and FOB Incoterms?

Today I am going to write about the differences two major incoterms, FAS and FOB, which have been in use since the presentation of international commercial terms by ICC in year 1923.

First Incoterms: A Trade Terms Committee with the assistance of the ICC National Committees developed the first six rules in 1923: FOB, FAS, FOT, FOR, Free Delivered CIF and C&F, which were the precursor of what would later be known as the Incoterms rules.

From 1936 to today: the Incoterms® rules