FOB – FREE ON BOARD (NAMED PORT OF SHIPMENT) | INCOTERMS 2010
FOB – Free on Board (named port of shipment)
In practice it should be used for situations where the seller has direct access to the vessel for loading, e.g. bulk cargos or non-containerised goods.
For containerised goods, consider “Free Carrier FCA” instead.
Seller delivers goods, cleared for export, loaded on board the vessel at the named port.
Once the goods have been loaded on board, risk transfers to the buyer, who bears all costs thereafter.
Transportation – Use of this rule is restricted to goods transported by sea or inland waterway.