MLchartDataset catalogue

Free on board (FOB)

Term · Logistics and supply chain · MLC-T-LOG-000122

An Incoterm (International Commercial Term) where the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment. The risk of loss or damage to the goods passes from the seller to the buyer when the goods are on board the vessel. The seller is responsible for export clearance, while the buyer covers all costs and risks from that point.

Table 1. Record
IdentifierMLC-T-LOG-000122
FieldLogistics and supply chain
AbbreviationFOB
Record as JSON 
{
  "id": "MLC-T-LOG-000122",
  "term": "Free on board (FOB)",
  "field": "Logistics and supply chain",
  "definition": "An Incoterm (International Commercial Term) where the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment. The risk of loss or damage to the goods passes from the seller to the buyer when the goods are on board the vessel. The seller is responsible for export clearance, while the buyer covers all costs and risks from that point.",
  "abbreviation": "FOB",
  "url": "https://mlchart.com/terminology/logistics/free-on-board-fob/"
}

Record 132 of 256 in Logistics and supply chain terminology (MLC-0105). Request the full dataset.