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Expiry date: 15-03-3022
What is FOB? Buying and selling at FOB prices, the meaning of free on board in Incoterms 2010, the responsibilities and obligations of the buyer and seller, whether or not to buy or sell goods at FOB prices, and things to note when buying and selling goods at FOB prices. These are the main topics that Door to Door Vietnam wants to share with you in this article.
There are many trade terms in Incoterms, and many different versions exist. The 2010 version of Incoterms includes 11 trade terms: EXW , CPT , FOB, FAS, FCA , CIP, DAP, DAT, DDP, CFR, and CIF . Among these, FOB is a frequently used term by importers and exporters. FOB is primarily used in sea transport, but it is also widely used in air transport.
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