FOB Free On Board - Incoterms® 

FOB - Free On Board - Incoterms®

FOB - Free On Board - What is the meaning of FOB shipping term? Using the FOB Incoterm rule, the seller is responsible for the delivery of goods loaded on board the vessel. The risk and costs are transferred to the buyer as soon as the goods have been loaded onboard the vessel.

FOB Free On Board Incoterms Rule

Note: The use of this Incoterms rule is restricted to goods transported by sea or inland waterway.

Did you know? The named place for using the Free On Board Incoterms rule is always the loading port.

With all incoterms it is important to understand the obligations of both the buyer and seller. There are eleven incoterms covering international shipments, are you aware of all the different options? If you need shipment support, please reach out to the team!

Back to Incoterms

FREE DOWNLOAD: You can download our free Incoterms chart which provides simple explanations of all eleven incoterms here

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