FCT

An FCT (Forwarder’s Certificate of Transport) is a FIATA document by which a freight forwarder undertakes to deliver the goods at destination through a delivery agent it appoints, acting as a forwarder rather than as a carrier. Unlike the FCR, which only certifies receipt, the FCT is a negotiable document: the holder of an original FCT can claim delivery at destination, and the forwarder releases the goods against surrender of an original. It is issued on FIATA’s standard form and lets a seller obtain payment under a documentary credit once the goods are in the forwarder’s care, before the main carriage document exists.