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Define the term Free On Board (FOB)

      

Define the term Free On Board (FOB)

  

Answers


Ruth
This term means that the seller delivers when the goods pass the ship's rail at the named port of shipment. This means the buyer has to bear all costs & risks to the goods from that point. The seller must clear the goods for export. This term can only be used for sea transport
NatalieR answered the question on May 11, 2022 at 11:49


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