What is FOB - Free On Board? Explained In 30s
Free on Board (FOB) - Incoterm
Under Free on Board the seller is responsible for delivering the goods to the port of departure clearing it for export and loading the goods on the vessel. Once the goods are on the vessel.
The risk transfers from the seller to the buyer who from that point is responsible for all costs thereafter.
#freight #freightforwarding #freeonboard #fob #fobincoterm #freeonboardincoterm