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    Incoterms Free Carrier (FCA)

    Uploaded by

    Shubham Kumar Roy
    The document defines several common international trade terms (Incoterms) that specify responsibilities of buyers and sellers for delivery, costs, and risk of loss or damage for goods being transported internationally. Some key terms include: - FCA specifies the seller delivers goods to a carrier and transfers risks and costs to the buyer at that point. - CIP is like FCA but also requires the seller to pay for carriage to the named destination point. - CPT and CFR also specify delivery and transfer of risks obligations but at the destination port rather than to a carrier. - EXW means the seller only makes goods available at a designated location and the buyer arranges and pays for all transport.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Incoterms Free Carrier (FCA)

    Uploaded by

    Shubham Kumar Roy
    36 views3 pages
    The document defines several common international trade terms (Incoterms) that specify responsibilities of buyers and sellers for delivery, costs, and risk of loss or damage for goods being transported internationally. Some key terms include: - FCA specifies the seller delivers goods to a carrier and transfers risks and costs to the buyer at that point. - CIP is like FCA but also requires the seller to pay for carriage to the named destination point. - CPT and CFR also specify delivery and transfer of risks obligations but at the destination port rather than to a carrier. - EXW means the seller only makes goods available at a designated location and the buyer arranges and pays for all transport.

    Original Description:

    Incoterms 2010 for import export business

    Original Title

    ICOTERMS

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    The document defines several common international trade terms (Incoterms) that specify responsibilities of buyers and sellers for delivery, costs, and risk of loss or damage for goods being transported internationally. Some key terms include: - FCA specifies the seller delivers goods to a carrier and transfers risks and costs to the buyer at that point. - CIP is like FCA but also requires the seller to pay for carriage to the named destination point. - CPT and CFR also specify delivery and transfer of risks obligations but at the destination port rather than to a carrier. - EXW means the seller only makes goods available at a designated location and the buyer arranges and pays for all transport.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    36 views3 pages

    Incoterms Free Carrier (FCA)

    Uploaded by

    Shubham Kumar Roy
    The document defines several common international trade terms (Incoterms) that specify responsibilities of buyers and sellers for delivery, costs, and risk of loss or damage for goods being transported internationally. Some key terms include: - FCA specifies the seller delivers goods to a carrier and transfers risks and costs to the buyer at that point. - CIP is like FCA but also requires the seller to pay for carriage to the named destination point. - CPT and CFR also specify delivery and transfer of risks obligations but at the destination port rather than to a carrier. - EXW means the seller only makes goods available at a designated location and the buyer arranges and pays for all transport.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    INCOTERMS

    free carrier (FCA)

    A free carrier (FCA) is a trade term requiring the seller to deliver goods to a named airport, terminal,
    or other place where the carrier operates. Costs of transportation and risk of loss transfer to the
    buyer after delivery to the carrier.

    Carriage and Insurance Paid (CIP)

    CIP stands for Carriage and Insurance Paid to (… named place of destination), which means that the
    seller delivers the goods to the carrier nominated by him but the seller must, in addition, pay the
    cost of carriage necessary to bring the goods to the named destination.

    Carriage Paid to (CPT)

    CPT stands for Carriage Paid to and is an international trade term which means that the seller
    delivers the goods at their expense to a carrier or another person nominated by the seller.
    Cost and freight (CFR)

    Cost and freight is a legal term in international trade. In a contract specifying that a sale is CFR, the
    seller is required to arrange for the carriage of goods by sea to a port of destination and provide the
    buyer with the documents necessary to obtain them from the carrier.

    Ex works

    Ex works (EXW) is an international trade term that describes when a seller makes a product available
    at a designated location, and the buyer of the product must cover the transport costs

    FAS - Free Alongside Ship (2000 and 2010)

    This term means that the seller delivers when the goods are placed alongside the vessel at the
    named port of shipment. The seller is required to clear the goods for export. The buyer has to bear
    all costs & risks of loss or damage to the goods from that moment.

    FOB-Free on Board- (named port of shipment) "Free on Board" means that the seller fulfils his
    obligation to deliver when the goods have passed over the ship's rail at the named port of shipment.
    This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that
    point.
    DAT - Delivered at Terminal (... named terminal at port or place of destination) New Term - May be
    used for all transport modes. Seller delivers when the goods, once unloaded from the arriving means
    of transport, are placed at the disposal of the buyer at a named terminal at the named port or place
    of destination.

    DAP – Delivered at Place (named place of destination)

    Incoterms 2010 defines DAP as 'Delivered at Place' – the seller delivers when the goods are placed at
    the disposal of the buyer on the arriving means of transport ready for unloading at the named place
    of destination.

    DDP Delivered Duty Paid. In Incoterms DDP the seller fulfils his obligation to deliver when the goods
    have been available at the named place in the country of importation. The seller has to bear the risks
    and costs including duties, taxes and other charges of delivering the goods thereto, cleared for
    importation.

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