What Is FOB Free on Board and How Does It Affect International Trade? Helping Businesses Ship Smarter
The International Chamber of Commerce (ICC) formalizes these terms within the set of Incoterms, of which FOB is a part. Clarity regarding FOB and other similar terms fosters smoother trade processes by aligning expectations and responsibilities. FOB transfers liability from seller to buyer when the shipment reaches the port of origin, not the destination. Incoterms […]