Glossary · Incoterms
Free On Board (FOB)
Free On Board (FOB) is a term under which the seller delivers goods on board the vessel at the named port of shipment, and risk passes to the buyer once the goods are loaded.
FOB Incoterms® means the seller delivers and transfers the risk of loss or damage to the buyer once the goods are loaded onto the vessel at the named port of shipment.
See also
More incoterms terms
- Carriage and Insurance Paid To (CIP)
- Carriage Paid To (CPT)
- Cost, Insurance and Freight (CIF)
- Delivered at Place (DAP)
- Delivered at Place Unloaded (DPU)
- Delivered Duty Paid (DDP)
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Definitions are general information, not legal advice. Rules differ by country; check the source and the current regulation before you act on one.