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 buyers and …

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 legal jargon and …

Jul 1, 2024 · FOB stands for “Free On Board” or “Freight On Board.” This term is used to indicate when liability and ownership of goods is transferred from a seller to a buyer.

By using FOB the seller must clear the goods for export and delivers when the goods pass the ship’s rail at the agreed port. This term is only used for water transportation either sea or inland water. If both …

Nov 24, 2023 · Free on Board, commonly referred to as F.O.B., is a shipping designation used to specify obligations and responsibilities for goods when they are shifted from seller to buyer as sea freight. …

Oct 5, 2023 · Let’s break it down: FOB shipping is one of the 11 Incoterms® rules set by the International Chamber of Commerce. Here, the seller delivers the goods onto the vessel at the port …

Feb 20, 2025 · FOB (Free on Board) is the most commonly used trade term, but in practice, it is used without reference to any version of the Incoterms® rules. In such cases, it is then up to the seller and …

Nov 16, 2025 · Understanding FOB Shipping Point vs FOB Destination You’ve probably seen “FOB” on invoices and wondered what it means. FOB stands for “ Free On Board,” a term that originated in the …

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 under …

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.