FOB
- Thursday, February 14, 2008, 11:29
- Glossary
- 262 views
- Add a comment
It is ‘Free on board’ at named port of export. It is an incoterm where the risk passes to buyer, included the transportation and insurance payment, once delivered on board the ship by the seller. It is only used for sea or inland waterway transportation.
Related Posts...
About the Author
Mr.ThinkOutLoud has written 426 stories on this site.
