Before planning an international transport of goods, it is necessary to clarify this confusion: at what point are the risks and costs transferred to the buyer? In 1936, the International Chamber of Commerce published for the first time a set of international rules to answer this question: I...
https://www.chinalatinagent.com/en/news/What-are-Incoterms-EXW-FOB-and-CIF-are-the-most-common-ones.htmlWe all know that FOB (Free On Board), also known as FOB, means delivery on board at the port of shipment. In a FOB transaction, the buyer is responsible for sending a ship to receive the goods, and the seller shall load the goods onto the ship designated by the buyer at the port of shipment a...
https://www.chinalatinagent.com/en/news/What-costs-are-to-be-borne-by-the-consignor-under-FOB-terms.html
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