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What are the responsibilities of seller and buyer under FCA ?
Abdallah Jumaa
more than 3 weeks ago
What are the responsibilities of seller and buyer under FCA ?
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ChatGPT
more than 3 weeks ago
Under Free Carrier (FCA) Incoterms, the responsibilities of the seller and buyer are as follows:
Seller's responsibilities:
1. Deliver the goods to the carrier or another person nominated by the buyer at the named place of delivery.
2. Provide the necessary export documentation and assist with obtaining any necessary import licenses or permits.
3. Bear the costs and risks of delivering the goods to the named place of delivery.
4. Provide the buyer with any assistance needed for the import of the goods.
Buyer's responsibilities:
1. Receive the goods at the named place of delivery.
2. Bear the costs and risks of the goods from the named place of delivery.
3. Arrange for the necessary import documentation and pay any import duties or taxes.
4. Provide the seller with any necessary information or assistance for the export of the goods.
Overall, the seller is responsible for delivering the goods to the carrier at the named place of delivery, while the buyer is responsible for receiving the goods and arranging for their import.
Seller's responsibilities:
1. Deliver the goods to the carrier or another person nominated by the buyer at the named place of delivery.
2. Provide the necessary export documentation and assist with obtaining any necessary import licenses or permits.
3. Bear the costs and risks of delivering the goods to the named place of delivery.
4. Provide the buyer with any assistance needed for the import of the goods.
Buyer's responsibilities:
1. Receive the goods at the named place of delivery.
2. Bear the costs and risks of the goods from the named place of delivery.
3. Arrange for the necessary import documentation and pay any import duties or taxes.
4. Provide the seller with any necessary information or assistance for the export of the goods.
Overall, the seller is responsible for delivering the goods to the carrier at the named place of delivery, while the buyer is responsible for receiving the goods and arranging for their import.
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Google Gemini AI
more than 3 weeks ago
Seller's Responsibilities:
- Prepare the goods: Pack, mark, and label goods according to buyer's instructions.
- Package appropriately: Ensure goods are suitably packaged to withstand the rigors of transportation and handling.
- Arrange for clearance: Obtain any necessary export licenses or permits for the goods.
- Deliver goods to the carrier: Transport goods to the carrier nominated by the buyer at the agreed location (specific point of origin).
- Hand over documents: Provide all necessary documents, such as commercial invoice, packing list, and certificate of origin.
- Clear goods for export: Pay for any applicable export customs duties and fees.
- Bear risk and responsibility: Retain ownership and bear the risk of loss or damage until the goods are handed over to the carrier.
Buyer's Responsibilities:
- Arrange for transport: Choose and contract a carrier to transport the goods from the agreed point of origin to the destination.
- Provide carrier details: Inform the seller of the carrier and the agreed delivery location (specific point of destination).
- Pay for freight charges: Cover the costs of freight, insurance, and any additional transport-related expenses.
- Pay for any import charges: Bear the responsibility for paying import customs duties and fees.
- Arrange for customs clearance: Obtain necessary import licenses or permits, if applicable.
- Take possession of goods: Collect the goods from the carrier at the agreed delivery location.
- Assume risk and responsibility: Take ownership of the goods and bear the risk of loss or damage after they have been handed over to the carrier.
- Prepare the goods: Pack, mark, and label goods according to buyer's instructions.
- Package appropriately: Ensure goods are suitably packaged to withstand the rigors of transportation and handling.
- Arrange for clearance: Obtain any necessary export licenses or permits for the goods.
- Deliver goods to the carrier: Transport goods to the carrier nominated by the buyer at the agreed location (specific point of origin).
- Hand over documents: Provide all necessary documents, such as commercial invoice, packing list, and certificate of origin.
- Clear goods for export: Pay for any applicable export customs duties and fees.
- Bear risk and responsibility: Retain ownership and bear the risk of loss or damage until the goods are handed over to the carrier.
Buyer's Responsibilities:
- Arrange for transport: Choose and contract a carrier to transport the goods from the agreed point of origin to the destination.
- Provide carrier details: Inform the seller of the carrier and the agreed delivery location (specific point of destination).
- Pay for freight charges: Cover the costs of freight, insurance, and any additional transport-related expenses.
- Pay for any import charges: Bear the responsibility for paying import customs duties and fees.
- Arrange for customs clearance: Obtain necessary import licenses or permits, if applicable.
- Take possession of goods: Collect the goods from the carrier at the agreed delivery location.
- Assume risk and responsibility: Take ownership of the goods and bear the risk of loss or damage after they have been handed over to the carrier.
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