What does FCA mean in shipping?

What does FCA mean in shipping?

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.

What is the difference between FCA and FOB Incoterms?

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 means FCA Incoterms?

Under the Incoterms 2020 rules, FCA means the seller loads the goods on the buyer’s transport at the seller’s premises, or the seller delivers them to another named place. Most often, the buyer hires a transport that picks up the goods at the seller’s warehouse.

Who pays FCA Incoterms freight?

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.

Which is better FCA or FOB?

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.