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Freight CollectSea & Inland Waterway

FOB — Free On Board

Seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment. Risk transfers when goods are on board.

Risk Transfer

On board the vessel at port of shipment

Insurance

Not required

Suitable For

Sea & Inland Waterway

Shipment Flow

Seller
Origin
VesselRisk transfers
Destination
Buyer
Freight payerBuyer
InsuranceNot required / Buyer
Import clearanceBuyer
6Seller responsibilities
5Buyer responsibilities
1Negotiable / Optional

Obligations & Charges

Responsibility matrix per ICC Incoterms® 2020 — official Seller / Buyer / Negotiable mapping for FOB.

Export Packaging

Seller

Loading Charges

Seller

Delivery to Port/Place

Seller

Export Duty, Taxes & Customs Clearance

Seller

Origin Terminal Charges

Seller

Loading on Carriage

Seller

Carriage Charges

Buyer

Insurance

Negotiable

Destination Terminal Charges

Buyer

Delivery to Destination

Buyer

Unloading at Destination

Buyer

Import Duty, Taxes & Customs Clearance

Buyer
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