FREE ON BOARD (FOB)
17
Dec
Posted by Dario Favaretto
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Or free on board in a defined port. Clause for which the seller delivers the goods by making it available in an agreed port, loaded on the ship and cleared at his own expense. The buyer assumes all costs and risks of shipping by the time the goods cross the ship’s side at the port of departure. This formula can only be used for maritime or river transport.