FOB (an acronym for Free On Board), also known as "Free On Board", is one of the commonly used trade terms in international trade. The full text of FOB is Free On Board (...named port of shipment), that is, delivery on board (...designated port of shipment), which is customarily called delivery on board at the port of shipment. According to this term, the buyer is responsible for sending a ship to pick up the goods. The seller shall load the goods on the vessel designated by the buyer at the port of shipment and within the time limit specified in the contract, and notify the buyer in time. When the goods cross the ship's rail when loading, the risk is transferred from the seller to the buyer.
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