Definition
FOB: free-on-board price.
The seller (exporter) is only responsible to load the commodity at a port in his or her country, while the buyer (importer) is responsible for the transportation, cost and insurance.
Note
See also: CIF price
FOB: free-on-board price.
The seller (exporter) is only responsible to load the commodity at a port in his or her country, while the buyer (importer) is responsible for the transportation, cost and insurance.
See also: CIF price