Free on Board (FOB)

Definition: Free on board (indicating the agreed port of embarkation)

Type of Transport: maritime

Obligations of the Seller:

Deliver the goods aboard the ship chosen by the Buyer in the agreed port of embarkation.
Make the export formalities for the goods.

Obligations of the Buyer:

Appoint and reserve the Boat.
Bear expenses and risks inherent to the goods from the moment they crossed the ship's rail.

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