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FOB

Also known as: Free On Board

FOB, Free on Board, is a sea and inland-waterway Incoterms rule under which the seller delivers goods on board at the named port of shipment. The buyer arranges the onward vessel movement.[1]

Name the departure port and check that handover actually occurs on board. A container handed to a terminal earlier may suit another rule. FOB is not a generic label for every international shipment.

Content updated:

Sources

  1. Using Incoterms® transport conditions | Business.gov.nl

Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.