What is the meaning of FOB?

The definition is contained in Incoterm and means "freeboard" or "cargo on board". Although the two terms are used as synonyms and mean the same, it should be noted that “cargo on board” is not an official term but is used only colloquially. Once it has become clear what the abbreviation FOB stands for, it is time to find out and what it stands for. FOB indicates the responsibility and ownership of the goods in international trade, and exactly when they are transferred from seller to buyer. The person who has made the commitment is responsible for any damaged or

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