As we can see here, the seller’s responsibility is until the location mentioned under FCA Incoterm® (Chittagong port in the above example). Once the goods are handed over to the buyer, his agent, or his transporter at the FCA location, the responsibility of loading it on the vessel a...
What is FCA? FCA Incoterms® means Free Carrier. FCA shows the final place of handover of goods to the buyer or his representative. The goods will then proceed on their main journey from this location. The seller is responsible for the loading of goods onto the buyer’s transport. ...
What does FOB Mean in Shipping Terms? Free on Board, or FOB is an Incoterm, which means the seller is responsible for loading the purchased cargo onto the ship, and all costs associated. The point the goods are safe aboard the vessel, the risk transfers to the buyer, who assumes the ...
FCA Concurrency - what it means and what to expectPeter Scott
The two main types of FOB shipping are FOB origin (also known as FOB shipping point) and FOB destination. Here's how they work: FOB destination Under the Incoterms, FOB destination means that the seller retains ownership of the goods and is responsible for the goods until they reach the...
If you own any sort of business, there’s a high chance that you’ve come across the words FCA incoterms. What it means, you ask? It simply refers to an arrangement where the seller is under obligation to deliver the package to a pre-determined destination known as “Named Place”. Th...
Free on Board (FOB) indicates when the ownership of goods transfers from buyer to seller and who is liable for goods damaged or destroyed during shipping. FOB Origin means the buyer assumes all risk once the seller ships the product.
What Is the Difference Between FCA and DDP? Under DDP shipping terms, the seller has to pay for the transportation costs. In addition, the seller holds all risks and responsibilities for the transportation of the goods until the buyer receives them. FCA shipping terms are usually paid for by...
What is FOB and who bears the risk in shipping? FOB, or Free On Board, means that the sellers need to deliver the goods to the appointed seaport in their country, while you have your own freight forwarder to complete all things after that, including arranging shipping to your destination,...
FREE CARRIER (FCA) means that the seller delivers the goods to the buyer in one or other of two ways: First, when the named place is the seller’s premises, the goods are delivered when they are loaded on the means of transport arranged by the buyer. Second, when the named place is...