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Abbreviation for the Free Carrier
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.