FOB (Free On Board)
FOB (Free On Board) is an Incoterms rule for sea transport: the seller delivers the goods to the port and loads them onto the vessel at their own expense, having cleared the export. From the moment of loading the risk and costs (freight, insurance) pass to the buyer.
FOB is one of the most common terms for sea purchases, for example from China. The buyer pays for freight and insurance separately and includes them in the customs value.
We will arrange sea delivery and clearance for supplies on FOB terms.
Related terms
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