Trade glossary · Incoterms 2020
FOB (Free on Board)
An Incoterms 2020 rule for sea and inland waterway transport where the seller delivers when the goods are on board the vessel at the named port of shipment. Risk transfers at that point and the buyer arranges and pays for the main carriage.
Related terms
Go deeper on trade mechanics in the Commodity Plus Academy — free courses on export readiness, trade finance, and Incoterms.
← All glossary terms