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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 ...
With FOB (Free on Board) origin (or FOB plant) pricing, the shipping cost from the factory or warehouse is paid by the purchaser. Ownership of the goods is transferred to the buyer as soon as it is placed aboard a common carrier. Typically the choice of carrier is made by the buyer.
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 ]
Many states provide a business name checker free of charge for entrepreneurs, with others charging a small fee for each search performed. This story was produced by LegalZoom and reviewed and ...
Ministry of Development (MR) – Central Registration and Information on Business (CEIDG) [70] – company register for natural persons trading as sole traders or their civil law partnerships (searchable); such companies are prohibited from performing certain activities (e.g. operating a life insurance company), and proper agricultural activity ...
A registration office commonly refers to a government agency at which compulsory information must be lodged. The most common type of a registration offices are companies registration offices, business name registers, and trade register offices. In most countries, trade and company registers are freely accessible (list of company registers).
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Registration is normally mandated by the government of that jurisdiction. A company register serves a purpose of protection, accountability and control. In contrast many countries also operate a statistical business register which has a different purpose and plays a central part in a system of official economic statistics at a national ...