What does FCA mean in terms of shipping?

What does FCA mean in terms of 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 does FOB FCA mean?

FOB is only used in waterway shipments. Under FOB, the seller is responsible for loading the cargo onto the vessel, but with FCA, it is the buyer’s responsibility. FCA transfer risk takes place at an agreed-upon point, whereas with FOB, the buyer assumes the risk on the vessel.

Can FCA be used for sea freight?

The FCA Incoterms® 2020 which is the latest, includes an option for the buyer to instruct the ocean carrier to issue a bill of lading that confirms that the goods are loaded onboard the vessel.

Is FCA the same as Free Carrier?

Free Carrier (FCA) Delivery and transfer of risk takes place when the truck or other vehicle arrives at this place, ready for unloading – in other words, the carrier is responsible for unloading the goods. (If there is more than one carrier, then risk transfers on delivery to the first carrier.)

What is FCA in supply chain?

What Is FCA? FCA (Free Carrier) is an incoterm (per 2010 Incoterms®) that requires the seller to clear the goods for export and to either: deliver the goods to the buyer at the seller’s premises or deliver the goods to the buyer at another named place.