TransportationFOB
FOB (Free On Board)
Incoterm establishing that the seller delivers goods on board the vessel at the port of shipment, transferring risk and cost to the buyer.
Incoterm establishing that the seller delivers goods on board the vessel at the port of shipment, transferring risk and cost to the buyer.
Under FOB, the seller is responsible until goods are loaded on the vessel. From that point, the buyer assumes ocean freight, insurance, and all transport risks.
FOB (Free on Board)
An Incoterm indicating that the seller delivers goods on board the vessel designated by the buyer at the agreed port of shipment, transferring risks and costs to the buyer at that point.
LogisticsIncoterms
International rules published by the International Chamber of Commerce (ICC) defining buyer and seller responsibilities for transport and delivery of goods.
LogisticsCIF (Cost, Insurance and Freight)
An Incoterm indicating that the seller assumes the costs of ocean freight and insurance to the agreed destination port, although the risk of loss or damage transfers to the buyer upon shipment.
LogisticsEXW (Ex Works)
An Incoterm where the seller makes goods available at their premises, with no responsibility for transport or export clearance.
LogisticsDDP (Delivered Duty Paid)
An Incoterm where the seller assumes all costs and risks of delivering goods to the agreed destination in the importing country, including import clearance and duty payment.