What does it means FCO in commerce?

In commerce, FCO stands for "Free Carrier." It is an Incoterm that indicates the seller's responsibility to deliver goods to a specified carrier or location, after which the buyer assumes risk and responsibility. This term is often used in international trade to clarify the obligations of both the seller and buyer regarding shipping, insurance, and liabilities. Under FCO, the seller is responsible for export customs clearance, while the buyer handles import customs and further transportation.