Who is Stellantis and what is their mission. How many employees does Stellantis have worldwide. What types of vehicles and services does Stellantis offer. In how many countries does Stellantis have industrial operations and commercial presence. What are the key strengths of Stellantis as a company.
Stellantis: Driving the Future of Mobility
Stellantis has emerged as a prominent force in the global automotive industry, positioning itself as a leader in the new era of mobility. With a clear mission to provide freedom of movement for all, the company is at the forefront of developing distinctive, appealing, affordable, and sustainable mobility solutions.
The Stellantis Workforce: A Diverse and Passionate Team
At the heart of Stellantis’ success lies its workforce of approximately 300,000 individuals. This diverse group of men and women bring their passion, experience, and expertise to their work every day, driving innovation and excellence across the company’s operations.
A Portfolio of Iconic Brands
One of Stellantis’ key strengths is its impressive portfolio of iconic automotive brands. These brands, each with its own rich history and loyal customer base, provide the company with a unique advantage in the marketplace.
Brand Heritage and Innovation
The brands under the Stellantis umbrella were founded by visionaries who infused them with passion and competitive spirit. For over a century, these brands have been making automotive history and continue to inspire both customers and employees today. This legacy, combined with a forward-thinking approach, positions Stellantis well for the future of mobility.
Meeting Evolving Customer Needs
In today’s rapidly changing automotive landscape, Stellantis is uniquely positioned to meet the evolving needs of customers. The company is at the forefront of several key trends shaping the industry:
- Electrification
- Connectivity
- Autonomous driving
- Shared ownership
By embracing these technologies and concepts, Stellantis ensures that its brand portfolio remains relevant and competitive in the years to come.
A Comprehensive Product Range
Stellantis offers a full spectrum of vehicles and services to cater to diverse customer needs and preferences. The company’s product lineup includes:
- Luxury vehicles
- Premium vehicles
- Mainstream passenger vehicles
- Pickup trucks
- SUVs
- Light commercial vehicles
In addition to vehicles, Stellantis also provides:
- Dedicated mobility services
- Financial services
- Parts and service brands
This comprehensive range allows Stellantis to serve a wide variety of customers and market segments.
Global Reach with Local Roots
Stellantis boasts an impressive global presence, with industrial operations in nearly 30 countries and a commercial presence in more than 130 markets. This extensive reach allows the company to serve customers worldwide and adapt to local market conditions.
Community Engagement
Despite its global scale, Stellantis remains deeply rooted in the communities where it operates. The company recognizes the importance of being a responsible corporate citizen and actively engages with local stakeholders.
Creating Value for Stakeholders
Stellantis is committed to creating superior value for all its stakeholders. This commitment drives the company’s strategic decisions and operational excellence.
How does Stellantis create value for its stakeholders?
Stellantis creates value through various means:
- Innovative product development
- Operational efficiency
- Strategic partnerships
- Sustainable business practices
- Investments in research and development
By focusing on these areas, Stellantis aims to deliver long-term value to its shareholders, employees, customers, and communities.
Navigating the Future of Mobility
As the automotive industry undergoes significant transformations, Stellantis is well-positioned to navigate the challenges and opportunities that lie ahead. The company’s diverse brand portfolio, global reach, and focus on innovation provide a strong foundation for future growth.
Key Focus Areas for Future Growth
Stellantis is investing in several key areas to drive future growth and maintain its competitive edge:
- Electric vehicle technology
- Advanced driver assistance systems
- Connected car solutions
- Sustainable manufacturing processes
- Digital retail experiences
By prioritizing these areas, Stellantis aims to stay ahead of industry trends and meet evolving customer expectations.
Sustainability: A Core Value
Sustainability is a central pillar of Stellantis’ business strategy. The company recognizes its responsibility to minimize its environmental impact and contribute to a more sustainable future.
How is Stellantis addressing sustainability challenges?
Stellantis is taking a multifaceted approach to sustainability:
- Developing and promoting electric and hybrid vehicles
- Improving fuel efficiency across its vehicle lineup
- Implementing sustainable manufacturing practices
- Investing in renewable energy sources for its facilities
- Promoting circular economy principles in its operations
These efforts demonstrate Stellantis’ commitment to being a responsible corporate citizen and a leader in sustainable mobility.
Innovation and Technology Leadership
To maintain its competitive edge, Stellantis places a strong emphasis on innovation and technology leadership. The company invests heavily in research and development to create cutting-edge solutions for the automotive industry.
Key Areas of Technological Innovation
Stellantis is focusing its innovation efforts on several critical areas:
- Battery technology for electric vehicles
- Advanced materials for lightweight vehicle construction
- Artificial intelligence and machine learning applications
- Next-generation infotainment systems
- Cybersecurity solutions for connected vehicles
By staying at the forefront of these technologies, Stellantis aims to deliver innovative products and services that meet and exceed customer expectations.
Customer-Centric Approach
At the core of Stellantis’ strategy is a strong focus on customer satisfaction. The company recognizes that success in the automotive industry depends on understanding and meeting customer needs.
How does Stellantis ensure customer satisfaction?
Stellantis employs several strategies to maintain high levels of customer satisfaction:
- Conducting extensive market research to understand customer preferences
- Implementing robust quality control measures throughout the manufacturing process
- Providing comprehensive after-sales support and service
- Offering personalized vehicle configurations and options
- Developing user-friendly digital interfaces for vehicle interactions
By prioritizing customer needs and preferences, Stellantis aims to build long-lasting relationships with its clientele and foster brand loyalty.
Partnerships and Collaborations
Recognizing the complex challenges facing the automotive industry, Stellantis actively seeks partnerships and collaborations to drive innovation and growth.
Strategic Alliances
Stellantis engages in various types of strategic alliances:
- Joint ventures with technology companies
- Research partnerships with universities and institutes
- Supplier collaborations for component development
- Cross-industry partnerships for mobility solutions
These partnerships allow Stellantis to leverage external expertise and resources, accelerating innovation and improving its competitive position.
Workforce Development and Talent Management
Stellantis recognizes that its success depends on the skills and dedication of its workforce. The company invests significantly in employee development and talent management to ensure it has the human capital needed to drive future growth.
Key Initiatives in Workforce Development
Stellantis implements various programs to support its employees and attract top talent:
- Comprehensive training and skill development programs
- Leadership development initiatives
- Diversity and inclusion programs
- Global mobility opportunities for employees
- Partnerships with educational institutions for talent pipeline development
By investing in its workforce, Stellantis aims to create a high-performing, innovative, and engaged team capable of meeting the challenges of the rapidly evolving automotive industry.
Financial Performance and Stability
As a global leader in the automotive industry, Stellantis’ financial performance and stability are crucial factors in its long-term success. The company focuses on maintaining a strong financial position to support its growth initiatives and navigate market uncertainties.
Key Financial Metrics
Stellantis monitors several key financial metrics to assess its performance and guide strategic decision-making:
- Revenue growth
- Profit margins
- Return on invested capital
- Free cash flow
- Debt-to-equity ratio
By maintaining a strong focus on these metrics, Stellantis aims to ensure its financial stability and create value for its shareholders.
Corporate Governance and Ethics
Stellantis is committed to maintaining high standards of corporate governance and ethical business practices. The company recognizes that strong governance is essential for building trust with stakeholders and ensuring long-term success.
Key Elements of Stellantis’ Governance Framework
Stellantis’ corporate governance framework includes several key elements:
- A diverse and experienced Board of Directors
- Robust internal control systems
- Transparent financial reporting practices
- Comprehensive risk management processes
- A strong code of ethics and business conduct
These elements work together to ensure that Stellantis operates with integrity and accountability, fostering trust among its stakeholders and supporting sustainable growth.
Future Outlook and Strategic Vision
As Stellantis looks to the future, the company remains focused on its mission to provide freedom of movement for all through innovative and sustainable mobility solutions. The automotive industry is undergoing rapid transformation, and Stellantis is well-positioned to lead in this new era.
Key Strategic Priorities
Stellantis has identified several strategic priorities to guide its future growth and development:
- Accelerating the transition to electric and low-emission vehicles
- Expanding autonomous driving capabilities
- Enhancing connected car technologies and services
- Developing new mobility solutions and business models
- Strengthening its position in key global markets
By focusing on these priorities, Stellantis aims to maintain its leadership position in the automotive industry and create long-term value for all its stakeholders.
As the automotive landscape continues to evolve, Stellantis remains committed to innovation, sustainability, and customer satisfaction. With its diverse brand portfolio, global reach, and focus on future technologies, the company is well-equipped to navigate the challenges and opportunities that lie ahead in the dynamic world of mobility.
About Us | Stellantis
A Leader for a New Era of Mobility
Stellantis is a leading global mobility player guided by a clear mission: to provide freedom of movement for all through distinctive, appealing, affordable and sustainable mobility solutions. Our Company’s strength lies in the breadth of our iconic brand portfolio, the diversity and passion of our 300,000 people, and our deep roots in the communities in which we operate.
In this new era of mobility, our portfolio of brands is uniquely positioned to offer distinctive and sustainable solutions to meet the evolving needs of customers, as they embrace electrification, connectivity, autonomous driving and shared ownership.
Founded by visionaries who infused them with passion and competitive spirit, these brands have made automotive history for more than a century and continue to speak to customers and inspire our employees today.
We offer a full spectrum of choice from luxury, premium and mainstream passenger vehicles to pickup trucks, SUVs and light commercial vehicles, as well as dedicated mobility, financial, and parts and service brands.
The driving force behind us is the diverse and talented group of men and women around the world who bring their passion and experience to their work every day. And while we are a truly global organization, we remain deeply rooted in the communities in which we operate and our people live and work.
With industrial operations in nearly 30 countries and a commercial presence in more than 130 markets, Stellantis has the ability to consistently exceed the evolving needs and expectations of customers, while creating superior value for all stakeholders.
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Stellantis Media – FCA at CES 2021: An Interactive Tour of Technology and Products
January 8, 2021
, Auburn Hills, Mich.
–
FCA is participating virtually in CES 2021 from January 11 through January 14 to demonstrate the company’s newest technologies via highly detailed interactive product tours. Users can venture through a computer-generated, visually immersive experience with video explanations from the subject matter experts, hosted by a virtual brand ambassador.
Capitalizing on an infinite environment, FCA has built a virtual world where CES participants can be immersed in a variety of vehicle-related options and learn about the company’s commitment to innovation.
Users can opt for a guided tour hosted by a virtual brand ambassador who curates information depending on user preferences. Expertly guided, the tour gives guests a deeper understanding of FCA’s products and technologies through a 3D experience, which includes 12 FCA vehicles.
At any point during the experience, guests may opt for a self-guided tour. The user-controlled 3D environment allows viewing from various angles on vehicles such as the Jeep® Grand Wagoneer Concept and Alfa Romeo Stelvio Quadrifoglio.
Additionally, the viewer may select any of the vehicles for a deep dive into the technology and product applications. An easy-to-use global navigation contains quick links to specific areas.
Electric vehicles and in-car technology are hot topics in the automotive industry. FCA’s sensory approach at CES showcases the company’s commitment to an ever-changing era of innovation. The virtual environment also houses videos related to FCA’s technological development, testing and implementation, delivered by employees:
- Uconnect 5
- Science Labs (wind tunnel and 4-post shaker)
- Advanced drive simulator
- Vehicle electrification systems
- Vehicle performance and capabilities
From a mobile perspective, FCA also worked with Google to leverage its cloud-streaming technology to deliver a photo-realistic augmented reality (AR) model of the Jeep Wrangler 4xe to viewers’ phones. CES attendees can access the AR experience via a QR code on FCA’s virtual showroom, which allows them to interact with the 3D model of the Jeep, change its colors and inspect details of the interior.
Participants can also place the customized vehicle in a physical space, like their driveway, to see how it will fit their lifestyle. This AR experience with the Jeep Wrangler will also be launched in Google Search in the coming weeks.
FCA looks forward to providing a hands-on experience for CES attendees in the future, but until then technology can provide a unique solution to share the company’s newest vehicle offerings and the technology within. The interactive site will launch at 9 a.m. EST on January 11 and remain live after CES to help consumers learn more about FCA products at fcaces2021.com
FCA
Fiat Chrysler Automobiles (FCA) is a global automaker that designs, engineers, manufactures and sells vehicles in a portfolio of exciting brands, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep®, Lancia, Ram and Maserati. It also sells parts and services under the Mopar name and operates in the components and production systems sectors under the Comau and Teksid brands.
FCA employs nearly 200,000 people around the globe. For more details regarding FCA (NYSE: FCAU/ MTA: FCA), please visit www.fcagroup.com.
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Incoterms FCA – Free Carrier
Named Place Requirement: Place of Delivery
| Applies to: |
(Click to enlarge)
Under the shipping terms for the FCA Incoterms (short for “Free Carrier”), the seller is responsible for export clearance and delivery of goods to the carrier at the named place of delivery.
Unless otherwise agreed upon, the seller is only responsible for loading the goods if the seller’s place of business is the named place of delivery.
A carrier is any person or company who undertakes the carriage, such as a shipping line, airline, trucking company, railway or freight forwarder.
| Buyer must clearly specify the precise point of delivery in the contract of sales or carriage. |
FCA Shipping Incoterm Obligations
Seller’s Obligations
- Goods, commercial invoice and documentation
- Export packaging and marking
- Export licenses and customs formalities
- Pre-carriage to terminal
- Delivery to named place of delivery
- Cost of pre-shipment inspection
- Proof of delivery
Buyer’s Obligations
- Payment for goods at price agreed upon in sales contract
- Unloading from arriving means of transportation
- Loading charges
- Main carriage
- Discharge and onward carriage
- Import formalities and duties
- Cost of pre-shipment inspection (for import clearance)
Get logistics guidance from Incoterms 2020 experts
AIT’s global network of experienced transportation management professionals is well-versed in the Incoterms rules and all shipping terms.
Have a question? Contact a representative today.
FCA Incoterms: What FCA Means and Pricing
What does FCA Mean in shipping terms?
The FCA Incoterm is an agreement that means “Free Carrier,” where the seller’s obligations are to deliver the cargo to an agreed-upon port, known as the “Named Place.” The seller is responsible for exporting the shipment, and all steps before that. The buyer assumes the responsibility for the cargo once they are ready to be loaded onto the carrier.
FCA can be used for any form of transport, such as air freight, sea freight, road freight, and rail freight. This Incoterm provides the buyer with flexibility, as they can arrange carriage, frequently at a better price than what their seller might quote. While the buyer assumes all risks and responsibilities once the goods reach the point of export, FCA enables the buyer to step take over after the cargo has been exported, which can be a risky and tedious process for some products.
What are the Buyers and Sellers Responsibilities with FCA Agreements?
Let’s explore the buyer’s and seller’s responsibilities under an FCA agreement.
Sellers Responsibilities
Under FCA Incoterms, the seller must handle the full export process for the products they are selling. Once the cargo is ready to be loaded on to the vessel, responsibility transfers to the buyer. Below, we have listed the full responsibilities of the seller.
- Export Packaging: The cargo must be packaged for export. Some countries have unique requirements for how products must be exported. This can include specific markings on the packaging, or types of packaging. The party responsible for this aspect must ensure the packaging is in accordance with export regulations.
- Loading Charges: As the cargo leaves the sellers location, these are any costs associated with loading the cargo onto the first carrier to transport the goods to the export location.
- Delivery to Port/Place: Once the cargo loads onto the truck, these are the charges associated with transporting the goods from the seller’s location to the defined port or place where the cargo will be exported. In most instances, the port or place would be a seaport, airport, or rail port.
- Export Duty, Taxes, & Customs Clearance: The costs and responsibilities associated with formally exporting the cargo from the origin country. This could include customs examinations, pre-shipment inspection, or any special clearance required to export the cargo.
The above responsibilities entirely fall on the seller, when trading under the FCA Incoterm. It would be considered a breach of the purchase agreement if a seller were to request compensation from any of the above responsibilities. When a seller is quoting a price to the buyer, the fee will include the costs for the seller to fulfill the above duties.
Once these responsibilities have been met, the cargo can be transferred to the buyer.
All risks associated with the following steps of the logistics process will fall upon the buyer.
Buyers Responsibilities
When the cargo clears customs and arrives at the Named Place, the risk transfers to the buyer, below are the responsibilities the buyer must fulfill to conclude the logistics process.
- Origin Terminal Charges: Any costs or requirements associated with the shipping terminal where the cargo loads onto the designated vessel for the main portion of the transportation process.
- Loading on Carriage: For the cargo to be loaded onto the carriage, a loading charge required by the shipping line.
- Carriage Charges: This is the freight charge when moving the cargo from the port of origin to the port of destination.
- Insurance: While insurance is not an obligation, it becomes the buyer’s responsibility to determine if they would like to obtain an insurance policy.
- Destination Terminal Charges: Once the cargo has arrived at the port of destination, any terminal charges associated with unloading, transferring, and holding the load as it awaits the formal import process.
- Delivery to Destination: Transporting the cargo from the port of destination to the buyer’s requested delivery destination.
- Unloading at Destination: Any costs associated with unloading the cargo at the buyer’s requested delivery destination.
- Import Duty, Taxes & Customs Clearance: The costs and responsibilities associated with importing the goods fall on the buyer. In the event of any examinations, duty, taxes, or other requests made by customs authorities must be fulfilled or compensated by the buyer.
Advantages and Disadvantages for the Buyer
Advantages
International traders and shipping companies like to explain that EXW is the worst Incoterm for a buyer, as all risk falls on them. With FCA, the buyer regains some control as the seller is responsible for the export formalities. When comparing FCA and EXW, FCA is much more advantageous.
FCA allows a buyer to have ultimate control over the transportation of their products after the cargo has been formally exported from the country of origin.
Some buyers feel that they can take advantage of this Incoterm because of the ability to control all moving pieces of the logistics process.
When buyers routinely purchase containerized goods, and they have an established 3rd party logistics company or freight forwarder they can rely on, FCA can be an advantageous Incoterm. With FCA, the buyer controls all costs associated with the logistics process after the formal export. This means that they can rely on their shipping service provider to find the best price and solution for the cargo from the port of origin to the final destination.
Buyers will opt to use the FCA Incoterm when they are confident that their shipping service provider can beat the loading costs offered by the seller.
Disadvantages
There is a reason FCA is not as common as FOB for ocean shipments. FCA requires additional steps at the port of origin for the buyer to step in, which makes the buyer responsible for terminal and loading costs.
While these costs are not problematic for the buyer to pay, the inefficiency arises in the event of a problem. Anytime there is an issue during the shipping process, the best party to resolve the issue is dependent on if the cargo is in the seller’s country or the buyer’s country.
The International Chamber of Commerce only recommends this Incoterm to be used with containerized shipments, and there is a reason why they suggest this. In most containerized shipment transactions, the container will move from the seller’s warehouse to the terminal. In this event, the Named Place is the terminal, and thus the transfer of risk takes place after the cargo goes through the export formalities. However, in the event, FCA is a quoted Incoterm, and the buyer requests the cargo be shipped to a Named Place other than the port, such as a forwarders warehouse, the transfer of risk occurs once the truck arrives at the destination. In this event, the buyer would be required to cover the costs to unload the shipment at their forwarders warehouse, while also being responsible for the export formalities, terminal, and carriage loading charges.
If you are shipping under FCA, but not moving the cargo directly from the factory to the vessel, there is very little difference between FCA and EXW.
In certain countries, such as China, FCA goes against the status quo. For buyers who are adamant on purchasing under FCA terms, most sellers will agree, however, the notable trend is for Chinese sellers to quote under FOB terms. So while FCA is not incredibly different, the disadvantage of using it can be that sellers are not as familiar with the process. When exporting products from any country, the best Incoterm is frequently where both the buyer and seller have the most experience.
When to Use an FCA Agreement?
The only time a buyer would want to consider FCA is if most of the following parameters can be met:
- The cargo they are shipping is containerized
- They have existing knowledge of the logistics process and requirements in the sellers country, or they are using a shipping service
- Their seller equally prefers FCA over FAS or FOB.
- The cargo is being transported directly to the terminal for export, and not to the shipping service provider’s warehouse.
If the above four conditions can be met, FCA is a viable option to consider as an Incoterm.
FCA Agreements for China Importing: are they a good idea?
In general, unless you fall into the category above, the FCA agreement is not the most ideal agreement to use when importing from China. China is a unique country where factories export so much and are capable of doing it rather efficiently because they primarily rely on one major Incoterm, which is FOB. So unless there is a legitimate reason why FOB is not ideal for your shipment, it is best to stick with what works, and not slow down or confuse things by testing out other terms.
If you are an importer looking to try FCA for your next China shipment, this is what we can recommend. First, ask your factory if they are comfortable with quoting FCA. Second, reach out to your China freight forwarder, or a China 3rd party logistics company company so you can have them help you compare FCA with FOB.
And no matter which incoterm you ultimately decide to use, China freight insurance is always a wise investment, as it’s a small price to pay to avoid catastrophic loss or supply chain disruption.
EXW Agreement FAQ’s
Who pays freight with an FCA incoterm agreement?
Under the Free Carrier, or FCA Incoterm, the buyer is responsible for all freight costs.
What is the difference between FCA and FOB?
FCA is an Incoterm which works for all modes of transport. FOB is only used in waterway shipments. Under FOB, the seller is responsible for loading the cargo onto the vessel, but with FCA, it is the buyer’s responsibility. FCA transfer risk takes place at an agreed-upon point, whereas with FOB, the buyer assumes the risk on the vessel.
Does FCA include customs clearance?
Under FCA Incoterms, the seller is responsible for export duty, taxes & customs clearance, and the buyer is responsible for import duty, taxes & customs clearance.
Where can I learn about other types of Incoterms?
Rodriguez working to fund FCA at CSU Pueblo
Jeff Letofsky
| [email protected]
Chance Rodriguez feels so strongly about Fellowship of Christian Athletes that he’s putting his livelihood at stake.
A former player on the Colorado State University Pueblo football championship team in 2014, Rodriguez knows the rewards of hard work.
A graduate of Colorado State University Pueblo who played football for the Pack from 2012-16, Rodriguez as committed himself to Fellowship of Christian Athletes.
Rodriguez was recently hired to lead FCA at CSU Pueblo and is looking to fund-raise for his position and the organization.
“I’ll be the area representative for CSU Pueblo,” Rodriguez said. “I’ll be starting huddles at CSU Pueblo and our goal is connecting the community with the college with local churches and local businesses.
“I studied physical education. I always wanted to work with kids.
I always felt a call in Pueblo and the opportunity came up and I’m excited to be back in Pueblo and invest in Pueblo. What FCA has done for me in college has been invaluable and I want to pass that on as a mentor/coach.”
From Bennett, Rodriguez was recruited to play football at CSU Pueblo and worked his way as a starting offensive guard.
“I was the starting guard during the national championship year and as well as the year after,” he said. “I had to stop playing because of a concussion.”
Rodriguez went on to teach at Centennial High School for a couple years before going to Costa Rica as a missionary for a year.
He currently lives in Colorado Springs but has a house under contract in Pueblo and is getting married in September.
“We are looking to fund-raise between $85,000-$125,000 a year to fund my position and ministry to connect with college coaches/athletes and connect the school districts and communities more through FCA,” Rodriguez said. “It will be an addition to what (Pueblo FCA Director) Tim Brotherton is doing right now and be more specific to the university.
”
Rodriguez already has been fundraising for the past couple of months.
“Right now I’m meeting with potential donors and people who would like to support FCA monthly,” he said. “I’ve been fundraising the last 30 days and I’ve seen a lot of money come in. Asking God for people who want to give.”
For more information or to help Rodriguez’ cause, contact him at 303-815-0426 or by email at [email protected]
Chieftain interim sports editor Jeff Letofsky can be reached by email at [email protected] or at twitter.com/JeffLetofsky. Help support local journalism with a subscription to the Chieftain at chieftain.com/subscribenow.
FCA Incoterms 2020 terms of delivery “Free carrier”
Contents
What are FCA terms of delivery (transcript, translation)?
Terms of delivery FCA Incoterms 2020 is a trade term of the international rules of Incoterms 2020, stands for “Free Carrier” named place , translates “Free carrier” the specified name of the place – means that the seller is considered to have fulfilled his delivery obligations when the goods released under the export customs regime are loaded onto the carrier’s vehicle specified by the buyer at the specified location.
Terms of delivery FCA Incoterms 2020 define the rights and obligations of the parties under the international contract of sale, indicate the actions necessary for transportation and customs clearance, when and where the seller transfers the goods to the buyer, as well as what risks and costs are borne by each of the parties. Since 2020, the International Chamber of Commerce (ICC) does not oblige to apply the new Incoterms 2020 rules, but only recommends them for use, therefore, in international contracts, you can refer to the Incoterms 2010 rules, as well as the Incoterms 2000 rules or even earlier versions of Incoterms.
Terms of delivery FCA Incoterms 2010 and FCA Incoterms 2020 are basically identical in their content. Previously, instead of the term FCA, the delivery basis FRC was used. The term FRC replaced the basic delivery terms FOT (Free on Truck), FOR (Free on Rail) and FOA (Free on Airport). FRC delivery terms were introduced in 1980 and in the 1990 edition of Incoterms were renamed FCA delivery basis.
FCA terms of delivery are the most frequently applied Incoterms rule in world trade, almost 40% of contracts worldwide are concluded on the basis of this rule.
What is Free Carrier?
The term “Free Carrier” means the delivery by the seller of the goods at the specified place to the carrier indicated by the buyer. The word “Carrier” means any person who, on the basis of a contract of carriage, undertakes to carry out or organize the carriage of goods by rail, road, air, sea and inland waterway or a combination of these modes of transport.If the buyer trusts another person, who is not a carrier, to accept the goods, then the seller is deemed to have fulfilled his obligations to deliver the goods from the moment it was handed over to this person. Also, the buyer can independently, by his own transport, carry out the delivery of the goods, without concluding a contract of carriage. The FCA delivery basis can be used for transportation by any mode of transport, including multimodal transportation.
Obligations under the terms of delivery FCA (FSA)
Terms of delivery FCA Incoterms 2020 impose on the seller the obligations to load the goods on transport at the agreed place of departure and to perform export customs procedures for exporting the goods with payment of export duties and other fees, however the seller is not obliged to comply with customs formalities for the import of goods, pay import customs duties or perform other import customs procedures upon import.If the parties intend to impose on the seller the costs of delivering the goods to the buyer, it is advisable to use the CPT Incoterms 2020 rule.
The FCA Incoterms 2020 rule has two possible places for sending the goods.
The first option is a place that belongs to the seller (for example, his warehouse, store, factory). Shipment is complete when the goods are physically loaded onto the buyer’s vehicle or handed over to a courier designated by the buyer.
The second option concerns a location that does not belong to the seller (eg railway terminal, seaport, airport).
In this case, it is considered that the shipment took place after the goods were handed over to the carrier from the seller’s vehicle, delivering the goods to the place of shipment. It should be noted that the unloading of goods from the seller’s transport is not his responsibility.
The seller is obliged to provide the buyer with any information related to safety requirements during the transportation of the goods, and the buyer must arrange for the transportation of the goods by his own transport, or by the contracted carrier at his own expense from the specified place of shipment.
If the buyer has instructed his carrier to issue a transport document to the seller, such as a bill of lading marked “on board” or an air waybill, then the carrier must provide a complete set of original bill of lading to the seller.
Allocation of risks and responsibilities under the terms of FCA
It should be noted that the choice of the place of delivery under the terms of FCA will affect the obligations to load and unload the goods at that place.
If the shipment takes place at the seller’s premises or at another agreed place, the seller is responsible for loading the goods.It is recommended that the point of delivery be defined as clearly as possible, since the risk of loss or damage to the goods passes from the seller to the buyer at this point.
FCA price, terms of payment and transfer of ownership
FCA price (FCA price) means that the contract (invoice or customs) price for the goods includes the sum of the cost of the goods itself and the export customs clearance of this goods with payment of export duties and other fees, excluding the cost of delivery (freight) to the buyer.
Basic delivery terms FCA Incoterms 2020 do not indicate the price for the goods and the method of payment (prepayment, partial prepayment, post-payment or after submission of documents to the bank by letter of credit), do not determine when payment should be made (before shipment, immediately after shipment , a month after shipment or otherwise), do not regulate the transfer of ownership of the goods or the consequences of a breach of the contract.
The price and transfer of ownership must be determined in the terms of the sales contract.
An example of the FCA basis in the supply agreement
The total cost of the Goods supplied under this agreement is 100,000 US dollars on the terms of FCA delivery Domodedovo airport (Moscow Russia) Incoterms 2020. terms of delivery FCA airport Domodedovo (Moscow Russia) Incoterms 2020.
Title to the supplied Goods passes from the Seller to the Buyer after the signing of the acceptance certificate by the representatives of the parties.
Changes in the basis of delivery FCA Incoterms 2020
FCA delivery terms in the rules of Incoterms 2010 and 2020 are basically identical in content, except for one provision.
Incoterms 2020 rules imposed a new obligation on the buyer, if such is agreed in the contract, the buyer must instruct his carrier to issue an onboard bill of lading marked “on board” to the seller (or air waybill for air transportation) after loading the goods on board the vessel.
But, despite good intentions, this is not a well-thought-out provision, most likely, will not be implemented. Shipment still occurs when the seller hands over the goods to the buyer’s carrier. The seller is not obliged to actually load the goods on board the ship, and if something happens to the goods between delivery to port and loading on board, the buyer will bear all risks of loss or damage to the goods. Therefore, the seller will not only not be provided with the bill of lading, but the buyer will not receive the exported goods and, accordingly, will refuse to pay for it.
This new provision was added primarily to meet the seller’s needs to receive payment by bank letter of credit. This is the only provision in the 2020 Incoterms rules that requires one party to instruct the carrier to hand over the transport document, but does not provide any guarantees or remedies to the other party if the carrier does not take appropriate action.
Despite the fact that the ICC for sea container transportation recommends using the FCA delivery basis instead of the FOB Incoterms 2020 term, in practice this rule is practically not used for this type of delivery.
This is due to the fact that when delivering FCA, the buyer does not want to take the risk of damage or loss of the goods in the exporting country, but take only when the goods were actually exported, i.e. after loading the container on board the vessel.
Differences between FCA and EXW delivery terms
The difference between FCA and EXW delivery terms is the obligation to load the goods into the vehicle and perform export customs clearance.
In simple words, according to the FCA delivery basis: the goods that have passed at the expense of the seller for export customs clearance are loaded by the seller into the buyer’s vehicle if the shipment takes place at the seller’s premises.
On the basis of delivery EXW Incoterms 2020: goods without export customs clearance and without loading are provided by the seller at the seller’s warehouse, the buyer must load the goods into the vehicle himself and carry out export customs clearance at his own expense.
The main differences between FCA delivery terms and other terms are presented in the Incoterms 2020 table.
Advantages and disadvantages of applying the FCA rule
under the FCA delivery terms, the seller is obliged to carry out export customs clearance, then the buyer must provide the seller with data on the vehicle that will export the goods from the seller’s country, whether by road, rail, air or sea transport.The seller must know from the buyer the name and contact details of the carrier, the freight booking information, including details such as the truck’s registration plate, wagon number, voyage number or vessel details, so that he can correctly complete the export declaration and other necessary transport documents.
The seller usually refunds VAT after the export goods have been shipped. To justify the VAT refund, the tax authorities may require the seller to provide a document confirming the export (export) of goods abroad.For the first time in the FCA Incoterms 2020 basis, a requirement was introduced according to which, if the seller requires it, the buyer must instruct his carrier to issue the seller a transport document with a note that the goods have been loaded onto the vehicle.
This addition was introduced mainly to allow the merchant to receive payment for the goods through a bank letter of credit. The FCA delivery terms mention a transport document confirming that the goods have been loaded onto the vehicle (for example, for sea container transport – a bill of lading marked “on board”).Also, this bill of lading can be used by the seller for other purposes, for example, for the fact of confirmation of export by the tax authorities.
There are several economic benefits to using the term FCA for a purchaser. Allows the buyer to control the transportation of goods, possibly combining them from several sellers in one vehicle (for example, a full truck load or a full container load). Negotiate rates with the carrier of your choice, and therefore minimize your shipping costs.
The main disadvantage of applying the FCA basis for the buyer is the risk of loss or damage to the goods, starting at the earliest stage in the seller’s country.
Terms of delivery FCA Incoterms 2020
Incoterms 2020 rules are used in international trade to allocate the rights and obligations of the parties in the delivery of goods.
In the article, read how the term FCA Incoterms 2020 is applied in Uzbekistan.
What is FCA Incoterms 2020
FCA abbreviation means “ Free Carrier … named place of destination” , translated into Russian – “Free carrier … name of destination” .The FCA terms in the import contract denote the transfer of responsibility from the seller to the buyer at the time the goods are loaded onto the vehicle at the place specified by the buyer.
For reference.
“Free Carrier” or, literally, “Free Carrier” is an international trade term that defines the transfer of goods to the carrier at the place specified by the buyer.
Recall that the rules of Incoterms 2020 allow the use of personal vehicles for the delivery of goods.Therefore, according to the FCA delivery basis, the seller can load the goods onto the buyer’s vehicle at the specified location.
Example of use in a contract.
Supply agreement on FCA terms (in accordance with Incoterms 2020)
Tashkent, Uzbekistan 05/01/2020
Starting in 2020, the FCA conditions impose one additional obligation on the buyer. According to it, the buyer instructs the carrier to issue a bill of lading or air waybill to the seller.The bill of lading must be marked “on board”. The carrier gives this document to the seller after loading the goods onto the vehicle.
Pay attention! The above obligation must be agreed upon in the contract if the goods are delivered by a third party carrier.
Terms of payment when using FCA Incoterms 2020
In the import contract you can find the designation “ FCA price” ( “price FCA” ).It means that the payment of export customs duties is included in the price of the goods.
But the “FCA price” does not include payment for delivery of the goods to the buyer’s location.
The basis of FCA Incoterms 2020 does not include the price of the goods and the method of payment. Therefore, the buyer and the seller have the right to choose any method of payment convenient for them. The FCA basis also does not specify when the buyer should transfer payment to the seller.
All obligations related to the form and procedure of payment, the seller and the buyer must indicate in the contract of sale.By themselves, the terms of Incoterms do not impose specific obligations on the buyer when and how he must pay for the goods.
Allocation of risks in application FCA Incoterms 2020
Like all conditions of Incoterms 2020, FCA clearly delineates the rights and obligations of the seller and the buyer. The seller is obliged:
- load the goods onto the vehicle at the designated place;
- complete all export customs procedures;
- pay export duties;
- provide the buyer with all the necessary information about the safety requirements for the transportation of goods.
Important! As soon as the goods are loaded onto the vehicle, the responsibility for its safety passes to the buyer.
The buyer is obliged to:
- organize the transportation of goods;
- pay import duties;
- Perform import clearing of the item.
Benefits FCA Incoterms 2020 for buyer
By using FCA terms in import contracts, the buyer can minimize his transport costs.The buyer gets this advantage if he indicates in the contracts the same place and time of transfer of goods to several sellers. In this case, the delivery of all products can be carried out on one vehicle.
FCA terms of delivery according to Incoterms: main responsibility on the buyer
The meaning of the term FCA
FCA is one of the international terms included in the Incoterms 2010 list. Group F of mutual obligations means that the supplier is exempt from the need to pay for all services for the transportation of goods from their warehouse to the destination and unloading of products.
The term FCA is an abbreviation for Free Carrier, which means Free Carrier.
The delivery of products under the terms stipulated by the FCA term implies that the seller fulfills all the necessary requirements for the preparation of transfer documents and transfers the goods to the carrier appointed by the buyer or to an authorized person at the place specified in the contract. In the contract, developed under the terms of the FCA, the place and terms of the transfer of goods from the seller to the carrier or the customer’s representative must be specified in detail.
The terms of delivery of products within the framework of the FSA have some peculiarities that impose certain requirements on the parties to the contract related to loading and unloading operations and transfer of risks in the event of force majeure.
Supplier can transfer products:
• On the territory of the supplier (enterprise, wholesale warehouse). In this case, he is responsible for loading.
• In another territory specified in the contract.According to these loading conditions, the cost of loading and the responsibility for the safety of the cargo lies with the buyer.
The FCA delivery terms do not imply any restrictions on the type of transport used or on the combination of vehicles (sea transport, road, airplane or rail). Any company that has the right to transport goods can act as a carrier: a separate transport company, a freight forwarder, a terminal or port, as well as a railway station.
The choice of the carrier is carried out by the recipient of the cargo, he also transfers the necessary information about this carrier to the supplier in order for him to include this information for the passage of customs procedures.
Terms and conditions of delivery
The supplier, subject to the following conditions, disclaims all obligations and risks:
• Products have received export clearance to the full extent, a set of legal documentation has been prepared.
• The carrier has been given access to the cargo in an ex-warehouse or the cargo has been delivered to the place specified in the contract for loading onto the agreed vehicle.
• The cargo is loaded onto the vehicle specified in the contract.
Thus, the entire list of supplier obligations under the conditions indicated by the FCA can be designated as follows:
• The supplier delivers the products in accordance with the terms of the contract, together with the necessary documentation (invoice, fax, e-mail or other document) stipulated by the contract and confirming the sale.
• Performs all customs operations on its own and at its own expense.
• In accordance with the contract, provides access to the customer’s representative at his warehouse or at the point of loading specified by the buyer.
• Assumes all risks that may arise during transportation from the place of production to loading onto the transport of the carrier specified in the contract.
• Provides information about the delivery of products to the place of loading.
• Packs the goods in accordance with the requirements of the carrier and produces the necessary marking.
• Provides the buyer with all the information required for customs clearance in the buyer’s country.
The buyer under the terms of FCA assumes the following obligations:
• Timely, in the volumes and terms stipulated in the contract, makes payment for the goods.
• At its own expense and in advance, concludes an agreement on the transportation of goods with a freight forwarder, private freight forwarder or with another entity that is empowered to carry out all actions for intermediate acceptance and transportation of cargo to the place of unloading of the consignee.
• In the event that the loading of products is not carried out on the territory of the supplier, provides information in advance about the place and time of loading.
• Carries out all operations with customs after crossing the border of the state of the recipient of the goods.
• Accepts the goods from the supplier in accordance with the conditions specified in the contract.
• Assumes all risks associated with force majeure after receiving the product from the supplier.
90,000 The merger of PSA and FCA into the Stellantis alliance completed – Autoreview
In the fall of 2019, representatives of Fiat Chrysler Automobiles and PSA Group announced the upcoming merger into a new alliance, which was later named Stellantis. And only now all the formalities have been complied with, the documents have been signed – and the new alliance has begun work. It implies the equal participation of two partners (50/50), the headquarters of the newly formed auto giant is located in the Netherlands, for the next five years it will be headed by the current president of the PSA group, Carlos Tavares, and John Elkan from the FCA concern became the chairman of the board.As previously announced, Stellantis has become the world’s fourth-largest automaker after Toyota, Volkswagen and the Renault-Nissan-Mitsubishi alliance.
Recall that as a result of the merger, the Stellantis alliance will be engaged in the production of cars of fourteen brands at once: Abarth, Alfa Romeo, Chrysler, Citroen, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Earlier, the management of the Italian-American concern FCA and the French PSA Group have repeatedly announced their plans to keep all the listed brands, although some of them have been on the verge of extinction over the past few years.Chrysler and Lancia were most at risk – their market geographies and model ranges were reduced to a minimum, which did not have the best effect on sales volumes, although within the framework of the new alliance they will most likely try to breathe life into them again.
Representatives of the alliance will tell in more detail about their plans for the future on January 19 at a separate press conference dedicated to the official completion of the merger of the two automotive concerns. And it is possible that the alliance’s strategy for the next few years will nevertheless be adjusted: a little more than a year has passed since the signing of the agreement on the upcoming merger, but during this time the industry has suffered a lot of shocks.
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FCA (Free Carrier) | TAISU-TB
Delivery basis FCA (Free Carrier or Free Carrier) imposes on the seller the duties of customs clearance and loading on his own or in a pre-selected territory into the transport provided by the buyer.Responsibility passes to him immediately after loading.
FSA or free carrier
What is Incoterms
International commerce terms (Incoterms) are eleven generally accepted terms, abbreviated from the first three letters, that govern the international supply of goods. The application of these rules establishes the rights and obligations of the seller and the buyer in foreign trade, the delineation of responsibility between them, as well as the risks associated with the delivery of goods.
Incoterms
was published in 1936 by the International Chamber of Commerce (ICC) and has undergone several revisions since then. Since 1980, changes have been made regularly, every ten years.
You can learn more about Incoterms 2020 and the main differences between the current edition and the previous ones in our article.
Terms of delivery FCA
Free Carrier defines the boundaries of responsibility of the seller and the buyer at the time of loading the delivery on the buyer’s transport.In the version of Incoterms 2020, the FCA condition obliges the carrier to issue a bill of lading to the seller with the mark “on board”, as banks very often demanded it. Due to unclear conditions, the issuance of the document was complicated.
Supplier obligations
- shipment of goods from the place of production;
- export customs clearance;
- loading the goods onto the buyer’s vehicle;
- Submission of information on safety requirements for cargo transportation.
Buyer Responsibilities
- delivery to the port and sea freight, if the transportation of goods involves delivery by sea;
- delivery to the place of customs clearance of import;
- unloading and customs clearance.
Advantages and disadvantages of FCA
Despite the fact that the FCA basis places more responsibilities on the seller than in the EXW delivery rules, there is still an uneven distribution of responsibilities between the parties:
- , certain difficulties may arise when carrying out customs clearance of export, since the buyer will need to provide all the data on the transport that will be used for transportation;
- difficulties related to VAT refund;
- high risks of force majeure for the buyer during transportation.
Advantages of FCA delivery basis:
- the ability to combine several consignments of goods from different sellers and import everything at once;
- control of transportation by the buyer;
- to minimize logistics costs by choosing a carrier yourself.
Price FCA
FCA price – includes the cost of the product itself and the costs of its customs clearance during export. The price does not include the costs of the logistics of the goods.FCA rules do not regulate the cost of goods and the method of payment. To clarify this information, a separate sales contract is concluded.
Total
Using the FCA delivery basis is most appropriate for a buyer if he wants to import several separate shipments from different sellers under the same batch. But do not forget about the big risks that the receiving party assumes.
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