FOB (Free on Board)
An Incoterm where the seller delivers goods on board a vessel at the named port of shipment, after which risk transfers to the buyer.
Frequently Asked Questions
What is FOB (Free on Board)?
An Incoterm where the seller delivers goods on board a vessel at the named port of shipment, after which risk transfers to the buyer.
Why is fob (free on board) important for US importers?
Understanding fob (free on board) is essential for importers to correctly classify goods, calculate duties, and maintain compliance with US Customs and Border Protection (CBP) regulations.