Buyer bears full cost and risks in taking goods from seller's works to destination. Transportation costs from site to carrier may be assumed by the seller. The seller may also act as the buyer's agent and secure transportation at buyer's expense. Used for ocean or inland water transportation. Seller's obligations are fulfilled when goods have been placed alongside the ship on the quay.
Buyer bears all costs and risks of loss or damage to the goods from that moment.
Unlike FCA and FOB, this does not require seller to clear goods for export. Used for ocean or inland water transportation. Ends the seller's obligation when goods, cleared for export, are placed on board a ship by seller at a port named in the sales contract. Risk of loss or damage is transferred from seller to buyer when goods pass the ship's rail. Seller must clear goods for export and pay the costs and freight necessary to bring them to the named destination, but the risk of loss or damage to the goods, and any cost increases, is transferred to the buyer when the goods pass the ship's rail in the port of shipment.