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    shreyans singh
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    This document discusses the Incoterms 2000 FOB (Free on Board) term. FOB means the seller delivers the goods when they pass the ship's rail at the named port of shipment. The buyer then bears all costs and risks of loss or damage to the goods. The seller is responsible for clearing the goods for export. FOB can only be used for sea or inland waterway transport, and if delivery is not across the ship's rail, FCA (Free Carrier) should be used instead.

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    This document discusses the Incoterms 2000 FOB (Free on Board) term. FOB means the seller delivers the goods when they pass the ship's rail at the named port of shipment. The buyer then bears all costs and risks of loss or damage to the goods. The seller is responsible for clearing the goods for export. FOB can only be used for sea or inland waterway transport, and if delivery is not across the ship's rail, FCA (Free Carrier) should be used instead.

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    © All Rights Reserved
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    9 views1 page

    Fob PDF

    Uploaded by

    shreyans singh
    This document discusses the Incoterms 2000 FOB (Free on Board) term. FOB means the seller delivers the goods when they pass the ship's rail at the named port of shipment. The buyer then bears all costs and risks of loss or damage to the goods. The seller is responsible for clearing the goods for export. FOB can only be used for sea or inland waterway transport, and if delivery is not across the ship's rail, FCA (Free Carrier) should be used instead.

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    © All Rights Reserved
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    Incoterms 2000

    ICC publication 560 – copies of the full version are available from ICC Publishing

    FOB
    FREE ON BOARD
    (... named port of shipment)

    "Free on Board" means that the seller delivers when the goods pass the ship's rail at the named
    port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage
    to the goods from that point. The FOB term requires the seller to clear the goods for export.
    This term can be used only for sea or inland waterway transport. If the parties do not intend to
    deliver the goods across the ship’s rail, the FCA term should be used.

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