1. Meaning ↓
Loco cost includes the cost of goods at the manufacturing industrial plant life or godown of the seller.
Franco cost includes the cost of goods addition all expenses upto the buyer's warehouse.
2. Preference ↓
The seller ordinarily prefers Loco price.
The buyer ordinarily prefers Franco price.
3. Seller's Liability ↓
In instance of Loco price, normally, the liability of the seller ceases in 1 lawsuit the goods function out his factory.
In instance of Franco price, the liability of the seller may boot the bucket on till the goods accomplish the buyer's place.
4. Arrangement of Transport as well as Insurance ↓
Under Loco price, the buyer ordinarily arranges for transport, insurance, etc.
Under Franco price, the seller ordinarily arranges for transport, insurance, etc.
5. Lowest as well as Higest Price ↓
The Loco cost is the lowest price.
The Franco cost is highest price.
6. Other Names ↓
Loco cost is besides called every bit Ex-Factory or Ex-Warehouse Price.
Franco cost quotation is besides known every bit Rendu Quotation.
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