FOB | Free on Board Incoterms® 2020

Modified on Fri, 23 Jul, 2021 at 1:45 PM

Waterway Transport

The delivery happens when the seller puts the goods on the vessel. This means that the seller pays for the loading fee. The buyer needs to arrange and pay for the vessel. If the goods were damaged or lost on the ship to the buyer, the seller does not have to pay for the damage or loss.

Under FOB, the seller has to do the export clearance.



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