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FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
Uniform delivered pricing is the opposite of the FOB origin pricing, as the same price is quoted to all customers. The transportation costs are averaged across all buyers, and the nearby customers are in effect subsidizing the faraway ones (paying more for the delivery than it costs the seller, the difference is called the phantom freight).
Under FOB terms the seller bears all costs and risks up to the point the goods are loaded on board the vessel. The seller's responsibility does not end at that point unless the goods are "appropriated to the contract" that is, they are "clearly set aside or otherwise identified as the contract goods". [ 21 ]
In the case of an FOB (Free On Board) sale, the determination of the energy transferred and invoiced for will be made in the loading port. In the case of a CIF (Cost Insurance & Freight) or a DES (Delivered Ex Ship) sale, the energy transferred and invoiced for will be determined in the unloading port.
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Product name API gravity Sulphur content (as % of mass) Operating company Location of field Port of sale Abu Bukhoosh 31.6° 2.0% Total Abu Al Bukhoosh Dubai: Abu Al-Bukhoosh Agbami 47.5° 0.044% Chevron: Nigeria: offshore Undisclosed Undisclosed Undisclosed Genel Energy/CPC Taiwan Somaliland: Central Somaliland oil fields Aktobe 41.6° 0.73% ...
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