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Understanding FOB

Being an international trader you must have heard the name FOB, so what is actually mean?

This is the mostly commonly used Inco term.

Under this term the seller’s responsibility is complete once the goods pass the rail of the ship. From there onwards, Buyer bears the risk of moving cargo to his location. This Term is mostly used for Ocean transport.

In any case, if the seller does not agree to have goods delivered on board then we use FCA, which we will discuss later!

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