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FCA |
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FCA Abbreviation for the Free Carrier Free Carrier In international commerce, an agreement between a seller and a buyer indicating that the seller has fulfilled his/her obligation to deliver a good when he/she has transferred it to the port, airport, or other place from which it will be transported. All cost and risk transfers to the buyer when the good is delivered to this agreed-upon place. The buyer designates the place to which the seller must deliver the good. See also: United Nations Convention on Contracts for the International Sale of Goods, Incoterm. FCA How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Include in any employee handbook for the organization a specific discussion of the FCA, the rights of employees to be protected as whistle-blowers, and the organization's policies and procedures for detecting and preventing fraud, waste, and abuse. The FCA dates back to the times of the Civil War when dishonest suppliers were caught selling sawdust instead of gunpowder to the Union military. Based on suspicions of unauthorized and inappropriate billing, the government began investigating the taxpayer under the FCA. |
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