Sep 17, 2025 · Free on Board (FOB) is a shipment term that defines the point in the supply chain when a buyer or seller becomes liable for the goods transported. Purchase orders between …

FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer …

Jan 1, 2025 · Of the 11 different incoterms that are currently used in international freight, Free on Board (FOB) is the one that you will encounter most frequently. This guide cuts through the …

Jun 26, 2025 · Free on Board (FOB) is a standardized international trade term that specifies the point at which ownership and responsibility for goods transfer from seller to buyer.

Feb 20, 2025 · Under FOB, the seller “delivers” by placing the goods on board the vessel nominated or provided by the buyer on the agreed date, or within the agreed period as notified …

Free on Board (FOB) is a trade term and Incoterms rule that determines who is responsible for the goods being transported at which point in that process.

In a FOB transaction, the seller is responsible for clearing the goods for export and delivering them when they pass the ship’s rail at the agreed port. This term is exclusively applicable to …

May 31, 2025 · FOB is an acronym for Free on Board, and indicates whether the supplier or the customer will pay shipping expenses. Also, the type of FOB shows which party takes legal …

FOB (Free on Board) regulates the transfer of costs and risks for sea freight. Learn all about the definition, application, benefits and risks of this important Incoterms clause.

FOB means Free on Board, and it is one of the 11 Incoterms used for the regulation of international trade. On its most basic meaning, the Incoterm FOB determines that the seller is …