Incoterms 2000 Edition International rules for the interpretations of trade terms
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FOBFREE ON BOARD (…named port of shipment)
“Free on Board” means that the seller delivers when the goods pass the ship’s rail at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export. This term can be used only for sea or inland waterway transport. If the parties do not intend to deliver the goods across the ship’s rail, the FCA term should be used.
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A THE SELLER’S OBLIGATIONS
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A1 Provision of goods in conformity with the contract
The seller must provide the goods and the commercial invoice , or its equivalent electronic message, in conformity with the contract of sale and any other evidence of conformity which may be required by the contract.
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A2 Licences, authorizations and formalities
The seller must obtain at his own risk and expense any export licence or other official authorization and carry out, where applicablel , all customs formalities for the export of the goods
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A3 Contracts of carriage and insurance
a) Contract of carriage
No obligation.
b) Contract of insurance
No obligation.
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A4 Delivery
The seller must deliver the goods on the date or within the agreed period at the named port of shipment and in the manner customary at the port on board the vessel nominated by the buyer.
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A5 Transfer of
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