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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