{"code":"FOB","name":"Free on Board","slug":"fob-free-on-board","category":"sea_only","summary":"Seller delivers goods on board the vessel at port of shipment. One of the most commonly used terms.","seller_responsibility":"Deliver goods on board the vessel at named port. Export clearance. Loading costs.","buyer_responsibility":"Main sea freight, insurance, import clearance, duties.","risk_transfer":"When goods are on board the vessel at port of shipment.","cost_transfer":"At port of shipment, once loaded on board.","insurance":"No obligation on either party.","export_clearance":"Seller.","import_clearance":"Buyer.","best_for":"Sea freight where buyer wants to arrange their own shipping and insurance. Very commonly used in international trade.","watch_out":"Sea and inland waterway ONLY. Despite being widely used, FOB is technically incorrect for containerised cargo — risk should transfer at the container terminal, not on board the vessel. ICC recommends FCA for containers.","_source":{"type":"reference","authority":"International Chamber of Commerce (Incoterms 2020)","provenance_status":"pending-verification"}}