WebFOB (Free on Board) This very common incoterm is for sea freight only, and means that liability and responsibility for cost transfer to the buyer when the goods are loaded “on board” the shipping vessel. FOB gives the buyer a … WebSep 8, 2024 · Free on Board (FOB) is an Incoterm which dictates the shared responsibility between buyer and seller. A standard FOB arrangement states that the …
What Does Free or Freight On Board (FOB) Mean?
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