Table of Contents
Is FCA an FOB destination?
FCA applies to all modes of transport; FOB only applies to transport by waterway or sea. FCA considers goods delivered once seller places goods on transport arranged by buyer. FOB considers goods delivered once seller places goods on board specified vessel.
What does FCA delivery mean?
Free Carrier
What Is Free Carrier (FCA)? The free carrier is a trade term dictating that a seller of goods is responsible for the delivery of those goods to a destination specified by the buyer. When used in trade, the word “free” means the seller has an obligation to deliver goods to a named place for transfer to a carrier.
Who clears customs FCA?
Under FCA Incoterms, the seller is responsible for export duty, taxes & customs clearance, and the buyer is responsible for import duty, taxes & customs clearance.
What does shipped FCA mean?
Free Carrier (FCA) means that the seller delivers the goods to a carrier or another person nominated by the buyer, at the seller’s premises or another named place.
What are FCA Incoterms®?
FCA Incoterms® meaning FCA is short for “free carrier.” Using this term, you should generally also specify the place of delivery – that’s the place where the seller hands over the goods to the carrier, before the main, international leg of the journey. (This place is sometimes referred to as the “named place.”)
What is free carrier (FCA)-Incoterms® 2020?
Free Carrier (FCA) – Incoterms® 2020 Rules [UPDATED] The Free Carrier (FCA) Incoterms® 2020 Rule pushes the responsibility of delivering the goods to the buyers nominated premises onto the seller, so they have to organise shipping and various export documents, contrary to Ex Works (EXW), which you can compare here.
What is a free carrier Incoterm?
FCA meaning Free Carrier is an incoterm where the shipper assumes responsibility until a specified destination. After the transportation point, the buyer assumes responsibility for the transportation and terminal charges. This incoterm is flexible. The agreed location can be at the port, airport, consolidation center, or some other terminal.
How many pages is the FCA Incoterms rule 2020?
A basic 16 page guide on the Free Carrier (FCA) Incoterms® 2020 Rule, to be used in conjunction with The International Chamber of Commerce’s (ICC) new book, INCOTERMS® 2020. This short page guide provides an article by article commentary on the Free Carrier Incoterms® Rule.