This is the easiest explanation of FOB condition!
Contents1 What’s FOB?2 Aspects of FOB condition3 Where is the point that cost and risk move from Exporter to Importer in FOB4 Problems in using FOB condition for container transportation5 FOB from the perspective of exporters6 FOB from the perspective of the importer7 Summary What’s FOB? ・ Terms and conditions of transfer of responsibility on the deck of the ship FOB is one of the International Commercial Terms which is called Incoterms as abbreviation. FOB refers to the terms and conditions under which the responsibility for costs and risks transfers on the deck of a ship staying at the port of export. FOB stands for Free On Board, and in […]