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6.1 FAS – Free Alongside Ship (named port of shipment) 6.2 FOB – Free on Board (named port of shipment) 6.3 CFR – Cost and Freight (named port of destination)
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 ...
Parties should specifically refer to the Incoterms in the sale contract to indicate incorporation. The International Chamber of Commerce (ICC) is responsible for revising Incoterms periodically to reflect changing practices in international trade. The Incoterms are classified in 4 different classes: Ex (ExW); Free (FOB, FAS, FCA);
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Pages in category "Incoterms" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes. C. ... FOB (shipping) I. Incoterms
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The Incoterms (or International Commercial Terms) published by the International Chamber of Commerce (ICC) are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of the most commonly used terms in international trade. Common terms include: Free on Board (FOB) Cost and Freight (CFR, C&F, CNF)