FOB stands for “Free On Board.” In shipping and trade, it is an Incoterm that defines when responsibility and risk for goods transfer from the seller to the buyer, typically when the goods are loaded onto the vessel at the named port.
Answers
All Replies
-
T
1 day agoThe term FOB means Free On Board. In business, it is one of the Incoterms, which is used to show when the delivery of goods passes from the seller to the buyer, usually when the goods are on board the vessel at the port of shipment.
-
T
1 day agoThe term FOB means Free On Board. In business, it is one of the Incoterms, which is used to show when the delivery of goods passes from the seller to the buyer, usually when the goods are on board the vessel at the port of shipment.
-
C
1 day agoFOB is an acronym for “Free on Board”. FOB is one of the many terms of trade used in international trading and shipping where responsibility and risk pass from seller to buyer. It occurs when the goods are put on board the ship at the designated port.
Log in to post an answer.