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Incoterms Definitions FCA, FAS, FOB - Universal Shipping News

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Incoterms Definitions Group F: FCA, FAS, FOB More: http://www.universalcargo.com/blog/bid/94573/Incoterms-Definitions-Part-1-EXW-FCA-FAS-FOB Group F - Main carriage not paid by seller. FCA: Free Carrier Definition: FCA is usually followed by the place name of the initial destination of the goods, such as FCA Anchorage. The term is also referred to as “named place delivery”. Under the terms of FCA, it is the seller’s obligation to hand the goods over to the first carrier at the named place once they have been cleared for export. Using FCA Anchorage as the example, the seller would fulfill their obligation once the goods are cleared for export and delivered from the seller’s warehouse to the carrier waiting at the port of Anchorage. At this point the buyer assumes the risks and costs of any further transport executed by the first carrier. FCA is an incremental increase in the cost and obligation to the seller from the EXW arrangement covered in the last video. Because the seller owns the goods right up to delivery, FCA arrangements allow the seller to resell the goods to someone else while the goods are still in transit. Free Carrier applies exclusively to air, rail, road, and containerized/multimodal transport.[5] FAS: Free Alongside Ship Definition: Free Alongside Ship means the seller must transport the goods all the way to the dock, close enough to be reached by the crane of the ship it will be transported in.[6] Also it is the seller’s responsibility to clear the goods for export. FAS is usually followed by a place name, for example FAS San Francisco. The place name indicates the port where the goods are to be delivered on the quay beside the carrier ship. FAS applies exclusively to maritime and inland waterway shipping. However it does not apply to goods packaged in shipping containers. FAS is instead usually used for goods sold as bulk cargo, such as petroleum products or grain. FOB: Free Onboard Vessel Definition: Free Onboard Vessel is sort of a hybrid, where the seller is obligated to bring the goods all the way to the port, clear the goods for export, AND see that they are loaded onto the ship nominated by the buyer. Once the goods clear the railing of the vessel, the buyer assumes the risk. Again, FOB is often followed by the named loading port thus: FOB Long Beach, meaning the seller delivers the goods, pays the port fees, and sees the goods loaded onto the ship docked at the port of Long Beach. This Incoterm is used exclusively for maritime and inland waterway transport but not for container shipping.
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Text Comments (13)
Cookies are cool!! (3 months ago)
What does CPT means??
Desert Lizard (6 months ago)
why the fuck shipping is complicated..
Yuriy Kim (9 months ago)
Everybody uses FOB in container shipments... lol. So no need to say it is not for containers.
Raymond Rau (9 months ago)
Even though it is colloquially used for container shipping...by definition it is not for container shipment use. However, they are considering to change this with Incoterms 2020.
J Anderson (9 months ago)
I'm working with an overseas company to export my good. I need everything paid in full up front. Is there an Incoterm for that or how should it be stated?
Raymond Rau (9 months ago)
Hey James, if you want to be responsible for arranging the goods to be shipped all the way to the overseas company you should use Ex Works.
Patricia Vineyard (1 year ago)
Checking out all your Universal Shipping News ...
Why bother? (1 year ago)
What do you mean FOB is not for container shipping??
Raymond Rau (9 months ago)
FOB was not designed to be used for container shipping...however, colloquially it is universally used for container shipping. In the upcoming Incoterms 2020, they may change to design that FOB is to be used for container shipping as well.
big dogger (10 months ago)
exactly what do you mean fob is not for container shipping?
shankar Ganapathi (1 year ago)
Surprised and nice to see you
shankar Ganapathi (1 year ago)
How come you are in this site
shankar Ganapathi (1 year ago)
Sir, I was just checking incom term FCA I saw your photo

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