FOB Destination - Meaning, Vs FOB Shipping Point, Terms
FOB Destination - Meaning, Vs FOB Shipping Point, Terms
Aug 20, 2018
wallstreetmojo.com
In FOB (Free On Board) Incoterms, the seller is responsible for the packaging of the goods. Here's a breakdown: Seller’s responsibility under FOB includes: Proper packaging of goods suitable for export and transport. Inland transport to the port of shipment. Export customs clearance. Loading the goods onto the vessel nominated by the buyer. Once the goods are on board the ship, the risk transfers to the buyer. #harshdhawan #export #import #business #mumbai #delhi #kolkata #punjab | Export Expert
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In FOB (Free On Board) Incoterms, the seller is responsible for the pa…
1.3K views6 months ago
FacebookExport Experts Global Management Institute
In FOB (Free On Board) terms, the buyer is responsible for insurance. Here's a quick breakdown: Seller's responsibility ends once the goods are loaded on the vessel at the port of shipment. From that point onward, the buyer bears all risks, including insurance, freight, and any damage or loss during transit. So, under FOB, if the buyer wants to protect the goods during sea transport, they must arrange and pay for marine insurance. #harshdhawan #export #import #business #exportexpertsglobal #indi
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In FOB (Free On Board) terms, the buyer is responsible for insurance…
75.2K views6 months ago
FacebookExport Experts Global Management Institute
What is a FOB? – CSL
What is a FOB? – CSL
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