What is incoterms fca means

(Click to enlarge) Under the shipping terms for the FCA Incoterms (short for Free Carrier), the seller is responsible for export clearance and delivery of goods to the carrier at the named place of delivery.

How do you use FCA Incoterms?

Under the FCA Incoterm, the seller is responsible for delivering goods to the named location in the contract. Although the seller doesn't need to pay for the unloading of the goods under the FCA Incoterm, the seller must pay any export duties or fees.

What does FCA stand for?

Key Takeaways. Free carrier is a trade term requiring the seller of goods to deliver those goods to a named airport, shipping terminal, warehouse, or other carrier location specified by the buyer. The seller includes transportation costs in its price and assumes the risk of loss until the carrier receives the goods.

What is difference between FOB and FCA?

The domestic term FOB indicates where risk and title transfer from the seller to the buyer. If FOB origin is specified, it is at the seller's facility. The Incoterms 2020 rule FCA indicates where risk transfers from the seller to the buyer.

What is the difference between FCA and CIF?

Under CIF terms of delivery of goods, the exporter is liable to bear the cost of movement of goods to the named location at importer's country. But under the FCA delivery terms, the exporter transfers his cost of movement of goods when goods are loaded to the carrier nominated by the importer.