1. Meaning ↓
Loco price includes the cost of goods at the factory or godown of the seller.
Franco price includes the cost of goods plus all expenses upto the buyer's warehouse.
2. Preference ↓
The seller normally prefers Loco price.
The buyer normally prefers Franco price.
3. Seller's Liability ↓
In case of Loco price, normally, the liability of the seller ceases once the goods leave his factory.
In case of Franco price, the liability of the seller may continue till the goods reach the buyer's place.
4. Arrangement of Transport and Insurance ↓
Under Loco price, the buyer normally arranges for transport, insurance, etc.
Under Franco price, the seller normally arranges for transport, insurance, etc.
5. Lowest and Higest Price ↓
The Loco price is the lowest price.
The Franco price is highest price.
6. Other Names ↓
Loco price is also called as Ex-Factory or Ex-Warehouse Price.
Franco price quotation is also known as Rendu Quotation.