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Investment Term for the Day - Free Carrier
Manage episode 361588892 series 2956461
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Free carrier is a trade term dictating that a seller of goods is responsible for the delivery of those goods to a destination specified by the buyer.
When used in trade, the word free means the seller has an obligation to deliver goods to a named place for transfer to a carrier.
The destination is typically an airport, shipping terminal, warehouse, or other location where the carrier operates. It might even be the seller's business location.
The seller includes transportation costs in its price and assumes the risk of loss until the carrier receives the goods. At this point, the buyer assumes all responsibility.
Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.
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When used in trade, the word free means the seller has an obligation to deliver goods to a named place for transfer to a carrier.
The destination is typically an airport, shipping terminal, warehouse, or other location where the carrier operates. It might even be the seller's business location.
The seller includes transportation costs in its price and assumes the risk of loss until the carrier receives the goods. At this point, the buyer assumes all responsibility.
Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.
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