Example of an FOB Contract

FOB (Free on Board) Contract

This FOB contract is made and entered into by and between [Seller's name and address] and
[Buyer's name and address] on [Date].

Goods:

The Seller agrees to sell and deliver to the Buyer the following goods:

o [description of goods, including quantity and specifications]

o [description of goods, including quantity and specifications]
o [description of goods, including quantity and specifications]

Price:

The price for the goods as stated above shall be [price] per unit, and will be paid by the Buyer in
accordance with the payment terms outlined below.

Terms of Payment:

The Buyer shall pay [percentage] of the total purchase price as a deposit upon signing of this
contract, and the balance of [percentage] shall be paid upon presentation of the shipping
documents by the Seller.

Delivery:

The goods shall be delivered by the Seller to the port of shipment, [port name], on or before
[date]. The Seller shall provide all necessary documents and clearances for the goods to be
loaded on board the shipping vessel.

Title and Risk of Loss:

Title and risk of loss of the goods shall pass to the Buyer when the goods are loaded on board
the shipping vessel at the port of shipment. The Buyer shall be responsible for arranging and
paying for all transportation and related costs from that point onwards.

Warranty:

The Seller warrants that the goods are free from defects in material and workmanship and
conform to the specifications agreed upon by the parties.

Governing Law:

This contract shall be governed by and construed in accordance with the laws of the
[State/Country] without giving effect to any choice of law or conflict of law provisions.
Entire Agreement:

This contract constitutes the entire agreement between the parties with respect to the subject
matter hereof and supersedes all prior agreements and understandings, whether oral or written.

IN WITNESS WHEREOF, the parties have executed this FOB contract as of the date first above
written.

Seller: _________________________

Buyer: _________________________

Name: ____________________________

Name: ____________________________

Title: _____________________________

Title: _____________________________

Date: ______________________________

Date: ______________________________