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FOB FREE ON BOARD

It means that the seller fulfills his obligation of delivery on board the ship in the loading port agreed.

The Seller’s Obligations

1.- BILLED GOODS AND NECESSARY DOCUMENTS
2.- PACKING AND PACKAGING
3.- CARRYING (from factory to place of export)
4.- CUSTOMS (documents, permits, requirements, taxes)
5.- EXPORT EXPENSES (handling, storage, customs agent)


The Buyer’s Obligations

6.- FREIGHT (from place of export to place of import)
7.- INSURANCE
8.- IMPORT EXPENSES (handling, storage, customs agents)
9.- CUSTOMS (documents, permits, requirements, taxes)
10.- CARRIAGE AND INSURANCE (from place of import to premises)
11.- DELAYS
12.- PAYMENT OF GOODS


 

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