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What Does FOB Mean? How Can FOB Terms Affect …
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WebApr 3, 2024 · Ex Works (EXW) and Free on Board (FOB) are both international trade terms, known as Incoterms that dictate the responsibilities of buyers and sellers, including which parties are required to... WebWithin the United States, the term “ FOB (Free On Board)” is commonly used when shipping goods to indicate who pays loading and transportation costs, and/or the point … WebFOB FACTORY OR FOB ORIGIN – These shipping terms are characteristic of a “SHIPMENT CONTRACT” and the seller bears the expense and risk of putting the goods in the possession of the carrier. Title transfers to the buyer at the point when the goods leave the shipper’s loading dock but reverts back to the seller if the buyer follows the ... greenwich ct department of buildings