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Free on Board
The seller delivers goods onto the vessel; the buyer carries cost and risk from there.
- Area
- Logistics & Trade
- Abbreviation
- FOB
- Also known as
- FOB port
- In this area
- 25 terms of 259
Under FOB the seller is responsible for the goods, export clearance and loading at the named port of shipment. Once loaded, freight, insurance, import duty and clearance are all the buyer’s.
FOB pricing gives the buyer control over shipping — useful if you have better freight rates than your supplier — but it also means the whole landed cost calculation is yours to do.
Free on Board is not just a definition here
Logistics & Trade runs on this vocabulary every day in AWRA OpsHub — 25 of our 259 glossary terms describe things the platform actually does.