Distinguish Betwixt Loco In Addition To Franco Cost - Comparison

1. Meaning ↓

Loco cost includes the cost of goods at the manufactory or godown of the seller.

Franco cost includes the cost of goods addition all expenses upto the buyer's warehouse.

2. Preference ↓

The seller commonly prefers Loco price.

The buyer commonly prefers Franco price.

3. Seller's Liability ↓

In illustration of Loco price, normally, the liability of the seller ceases 1 time the goods piece of job out his factory.

In illustration of Franco price, the liability of the seller may proceed till the goods accomplish the buyer's place.

4. Arrangement of Transport too Insurance ↓

Under Loco price, the buyer commonly arranges for transport, insurance, etc.

Under Franco price, the seller commonly arranges for transport, insurance, etc.

5. Lowest too Higest Price ↓

The Loco cost is the lowest price.

The Franco cost is highest price.

6. Other Names ↓

Loco cost is likewise called every bit Ex-Factory or Ex-Warehouse Price.

Franco cost quotation is likewise known every bit Rendu Quotation.