A business example
A buyer and seller discuss an FCA delivery term but initially leave the handover location unspecified.
Chosen rule
They select FCA Incoterms® 2020 for the transaction.
Named place
They specify the exact agreed delivery location.
Contract alignment
They separately document payment, title and other commercial terms.
What this shows
The named place makes the delivery allocation meaningful. An Incoterm does not fill in every missing part of the sale agreement.
What it is often confused with
An Incoterm does not by itself settle payment, title transfer or every contractual issue.
What to look at in your business
State the exact rule, named location and version and align transport and insurance arrangements.
Context and further reading
ICC: Incoterms® and commercial contracts
This entry explains the business term. The related guide below provides the next layer of context; any applicable legal test depends on the transaction and relevant period.
Kosha.Services · Updated 2 October 2026