Fob is a shipping term that stands for free on board. It defines the point when a buyer or seller becomes liable for goods transported by sea, and who bears the costs if something goes wrong. Learn the difference between fob shipping point and fob destination, and how they impact accounting and logistics. Fob is a shipping term that defines when the buyer or seller becomes liable for the goods transported. Learn the differences between fob origin and fob destination, the advantages and disadvantages of each, and how they affect costs, risks, and logistics.
Learn the four types of fob terms and how they affect your small business. Fob is a shipping term that specifies when the seller's responsibility and risk for goods transfer to the buyer. Learn about the different types of fob contracts, how they affect costs, accounting, and international trade. Fob is a term for water transportation where the seller delivers the goods when they pass the ship's rail at the agreed port. The buyer pays for the carriage, insurance, and import clearance of the goods. See examples, obligations, and differences with fca. The term free refers to the suppliers obligation to deliver goods to a specific location, later to be transferred to a carrier. In other words, the supplier is free of responsibility. Fob is a term that indicates when the liability and ownership of a shipment change between the buyer and the seller. Learn the difference between fob origin and fob destination, and how they relate to freight prepaid and freight collect.
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