Under FCA shipping terms, the seller is responsible for pre-carriage to a terminal, delivery to the agreed upon destination, and proof of delivery. The seller is also responsible for export packaging, licenses, and customs formalities. On the other hand, under FCA shipments, the buyer pays for...
Cost, Insurance, and Freight (CIF) shipping terms Click to expand Similar to FOB, with CIF the seller is responsible for the cost and management of insurance for the goods until it reaches the named port (pre-carriage). And the rule expects the seller to only secure the shipment with a ...
If you are shipping under FCA, but not moving the cargo directly from the factory to the vessel, there is very little difference between FCA and EXW. In certain countries, such as China, FCA goes against the status quo. For buyers who are adamant on purchasing under FCA terms, most selle...
FCA stands for Free Carrier, where the buyer arranges the main carriage. As per the shipping terms under the free carrier system, the exporter is responsible for loading of goods at an agreed upon place in the exporter’s country and from that point onwards, the importer is in charge of ...
Currently, we do not have Incoterms in place with our client. We have a 3PL and plan from factory door to our clients warehouse. We have been shipping under DDP as we initially pay all the fees associated (freight, tax, duty)because we previously quoted the shipping on the original PO ...
cargo to load port after necessary customs formalities. The goods are loaded on board the vessel at the cost of exporter. This is the simple explanation on FOB terms. Also readBasic tips to exporter while contracting terms of delivery on FOB basis.Who decides shipping carrier on FOB shipments...
FCA is one of the Incoterms rules that can be used for any transport mode. This means that it can be used for sea freight as well as for various modes of land transport.What does FCA mean in transport?FCA is the short form for the Incoterm ‘Free Carrier’....
Who Carries Liability for What When Using FCA or Free Carrier Terms? Using the shipping term Free Carrier (FCA), the seller must take responsibility for the export clearance. In addition, using the FCA shipping term, the seller is also responsible for delivery to the carrier at the named pla...
The Incoterms 2020 rule FCA identifies who pays for the freight charges and clears the goods for export. FCA is used by the U.S.-based exporter to designate whether the goods will be available at their facility or at another place in the U.S. by the syntax appended to FCA: “F...
However, the ultimate decision lies with both parties, who need to agree on a shipping procedure that best fits their unique circumstances. Is FCA or FOB the Right Choice? Both FCA and FOB are formally recognized shipping terms used to designate risk transfer, responsibility for transportation cos...