1. Meaning ↓
Loco cost includes the cost of goods at the manufacturing flora or godown of the seller.
Franco cost includes the cost of goods summation all expenses upto the buyer's warehouse.
2. Preference ↓
The seller usually prefers Loco price.
The buyer usually prefers Franco price.
3. Seller's Liability ↓
In representative of Loco price, normally, the liability of the seller ceases in ane lawsuit the goods exit his factory.
In representative of Franco price, the liability of the seller may drib dead along till the goods accomplish the buyer's place.
4. Arrangement of Transport together with Insurance ↓
Under Loco price, the buyer usually arranges for transport, insurance, etc.
Under Franco price, the seller usually arranges for transport, insurance, etc.
5. Lowest together with 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.
