FOB Explained: Understanding Free-On-Board Delivery
Have you ever heard about the incoterm of FOB in international shipping? Free-on-board delivery is one of the most important concepts that all shippers need to know before entering the shipping process. When you ship your goods using different means of transport via air freight or sea freight, the seller needs to sign a liability contract. Both buyers and sellers need to be aware of FOB while choosing the international shipping company in Dubai . In this quick guide, we will let you know everything about free onboard delivery for a better understanding: What is FOB? FOB is a term defined by the International Chamber of Commerce for deciding which part (typically a seller or buyer) will be liable for the damages or losses that occur during the shipment. Also, it is used to decide which party among the buyer or seller will bear the costs of insurance covers or shipping expenses. Essential points of FOB shipping you need to know FOB Shipping Point FOB shipping point ...