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 example of Loco price, normally, the liability of the seller ceases ane time the goods larn out his factory.
In example of Franco price, the liability of the seller may hold till the goods accomplish the buyer's place.
4. Arrangement of Transport together with 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 together with Higest Price ↓
The Loco cost is the lowest price.
The Franco cost is highest price.
6. Other Names ↓
Loco cost is besides called equally Ex-Factory or Ex-Warehouse Price.
Franco cost quotation is besides known equally Rendu Quotation.
