INTERNATIONAL TRADE

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Terms in this set (13)

The seller makes the goods available at his premises. The buyer is responsible for all charges.

* making an initial quotation for the sale of goods without any costs included.
* a seller has the goods ready for collection at his premises (Works, factory, warehouse, plant) on the date agreed upon.
* The buyer pays all transportation costs and also bears the risks for bringing the goods to their final destination

FCA -

Free Carrier
The seller hands over the goods, cleared for export, into the custody of the first carrier (named by the buyer) at the named place.
* the custody of the first carrier (named by the buyer) at the named place. This term is suitable for all modes of transport, including carriage by air, rail, road, and containerised / multi-modal sea transport.
*This is the correct "freight collect" term to use for sea shipments in containers, whether LCL (less than container load) or FCL (full container load).

FAS

Free Alongside Ship (named loading port)
The seller must place the goods alongside the ship at the named port. The seller must clear the goods for export.
* Suitable only for maritime transport only but NOT for multimodal sea transport in containers (see Incoterms 2010, ICC publication 715). This term is typically used for heavy-lift or bulk cargO

FOB - Free on board

he seller must themself load the goods on board the ship nominated by the buyer, cost and risk being divided at ship's rail.
* The seller must clear the goods for export.
Maritime transport only but NOT for multimodal sea transport in containers (see Incoterms 2010, ICC publication 715
The buyer must instruct the seller the details of the vessel and port where the goods are to be loaded, and there is no reference to, or provision for, the use of a carrier or forwarder.
It DOES NOT include Air transport