According to ICC’s Incoterms 2010 rules “Ex Works” means that the seller delivers when it places the goods at the disposal of the buyer at the seller’s premises or at another named place (i.e., works, factory, warehouse, etc.). The seller does not need to load the goods on any collecting vehicle, nor does it need to clear the goods for export, where such clearance is applicable.
As per Incoterms 2010 “Free Carrier” means that the seller delivers the goods to the carrier or another person nominated by the buyer at the seller’s premises or another named place.
Seller can prove to the buyer that he has already places the goods at the disposal of the buyer’s forwarder with the presentation of Forwarder's Certificate of Transport. Also if the payment will be made via documentary collection or letter of credit, banks or buyers would request presentation of a FCT document.
What are the main characteristics of a FCT certificate?
FCT certificate does not contain a contract of carriage. As a result it is not considered as a transport document.
By signing a FCT certificate freight forwarder certifies to the consignor that,
a. they have been authorized to enter into contracts with the carriers and
b. they have taken charge of the goods as indicated on the forwarder’s certificate of transport in apparent good order and condition and
c. they are responsible for delivery of the goods to the holder of the certificate through the services of the carriers of their choice and
d. they will be acting as a freight forwarder not as a carrier and
e. they will not be held liable for the acts of the carriers.
FCT certificate can be issued in a negotiable form. If a FCT certificate issued in a negotiable form, it is very important to state whether it is issued in one original or else how many original copies have been issued on the face of the document.
What are the difference between a FCR (Forwarder's Certificate of Receipt) and B/L (Bill of Lading)?
What is FCT? What does FCT stand for? What are the key characteristics of FCT? Is FCT a transport document?
The FCT is an acronym which stands for "Forwarder's Certificate of Transport". FCT is another standard document template created by FIATA (International Federation of Freight Forwarders Associations) for general use in international shipments. FCT is only available to FIATA member freight forwarders.
FCT certificate is a signed declaration of the freight forwarder in which he confirms to the consignor that he has taken over the goods and has assumed responsibility for delivery of the consignment as per instructions he has received from the consignor as indicated on the FCT document.
It must be noted that according to FCT certificate’s conditions a freight forwarder act as a freight forwarder not as a carrier. A freight forwarder is responsible for signing the contract of carriage or carriages with the carrier or carriers. Freight forwarder is not responsible for the acts of the carriers.