Advantages of FOB deliveries
Let's understand the advantages of FOB deliveries. We start by explaining that FOB is the acronym for Free on Board, which can be called Free on Board Ship. It therefore designates a way of sharing responsibilities, rights and costs between buyer and seller in the trade of goods. This term is included in the list of Incoterms (International Commercial Terms), established by the International Chamber of Commerce. They function as contractual formulas that fix rights and obligations, both for the...
