An Incoterm meaning ‘free carrier’ (named place of delivery). The supplier transfers the goods, cleared for export, to the buyer-nominated carrier at the named place. The supplier pays for carriage to the carrier at the named place of delivery, and risk passes when the goods are transferred to the carrier. See also Incoterms.

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Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.