Incoterms 2020: Ex-Works & Free Carrier
How well do you know your Incoterms rules? In this video, you will learn about Ex-Works and Free Carrier, which apply to any mode of transport.
Ex-Works describes when a seller makes a product available at a designated location, and the buyer of the product must cover the transport costs. Once the goods are with the buyer’s agent or representative, the buyer is responsible for other risks, such as loading the goods onto trucks, transferring them to a ship or plane, and meeting customs regulations.
FCA: Free Carrier
For international trade, Free Carrier (FCA) could be used. It obligates the seller to clear the goods for export at the country of origin and make the goods available at a set location, with the risk of loss or damage during that operation clearly remaining with the seller.
Watch the video and learn more about EX-Works and FCA and how they apply to your shipments.
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