What is FCA and EXW?

What is FCA and EXW?

2. Ex Works means that the seller has only the responsibility to make the goods available at the premises like the worksite or the factory. The seller is not responsible for loading the goods on the vehicles of the buyers. 3.In FCA, the seller is responsible for the arrangement of transportation.

What is Incoterms FCA?

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.

Who pays freight on FCA terms?

Once the goods arrive at the named place, the buyer is responsible for the unloading of the goods and all transportation going forward, including freight costs, import duties and fees, and insurance. FCA is one of the Incoterms affected by the Incoterms 2020 update.

What does FCA shipping point mean?

Per INCOTERMS® 2010, FCA, Shipping Point stands for “Free Carrier”. This means that the seller delivers the goods to the carrier nominated by the buyer at the seller’s premises. The parties should be specific about the named place of delivery, as the risk passes to the buyer at that point.

Is EXW and FCA the same?

Of all the rules, the EXW term places the least amount of risk on the seller, leaving the buyer with the majority of the responsibility. FCA determines that the risk transfer occurs when the seller loads the goods on the buyer’s transport or when the seller delivers the goods to a named place of delivery.

What is FCA in import?

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.

Is FCA the same as FOB?

Summary of (Free Carrier vs Free On Board) FCA vs 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.

Is FCA collect or prepaid?

“FCA Freight forwarder’s facility, Miami, FL USA” indicates that the seller will load the items on their designated carrier, deliver them to the forwarder’s facility to be unloaded by them and the freight charges to the forwarder’s facility are to be prepaid.

Is FCA and DAP the same?

FCA (Free Carrier), DAP (Delivered at Place), DPU (Delivered at Place Unloaded) and DDP (Delivered Duty Paid) now take into account buyer and seller arranging their own transport rather than using a third party.