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What are the buyer's obligations when cargo loading in a manner FOB?

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Question added by SALIM OSMAN ALHEJAZE HEJAZE , اخصائي خدمات مساندة , المذيد للنقل وسحب السيارات
Date Posted: 2014/12/06
ameen uall
by ameen uall , logistics managar , Base systems Pvt Ltd

Indicating "FOB port" means that the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays cost of marine freight transport, insurance, unloading, and transportation from the arrival port to the final destination.

Al Nabeel kv
by Al Nabeel kv , Operation Executive , Bliss Logistics and Shipping Pvt Ltd

Free on Board ( FOB ) means that the sellers fulfill the obligation to delivered the goods passed over the ship or on board at the named port of shipment. So, the buyer has to pay all the cost relating to the goods from the time they have passed the ship's rail at the named port of shipment.

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