Common trading knowledge
What is FOB term?
FOB – Free on Board.
This means the seller will take charge of Everything(Loading, Transportation to port, do customs clearance) before loading on board.
FOB usually come with a local port name. For example when seller said FOB Guangzhou this means, the seller will handle the goods to Guangzhou port.
After the container/goods was loaded on the ship then their responsibility is finished.
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