FOB Incoterms 2020: Meaning & Explanation
This page is designed to provide a basic level of understanding of Incoterms ® 2020 Rules published by the International Chamber of Commerce (ICC)
Incoterms 2020
EXW Ex Works FCA Δωρεάν Μεταφορέας FAS Δωρεάν παράλληλα με το πλοίο FOB Free on Board CFR Κόστος και Ναύλος CIF Κόστος, ασφάλεια και ναύλος CIP Μεταφορές και Ασφάλειες Αμειβόμενοι DAP Παραδόθηκε στη θέση DPU Delivered Named Place Unloaded DDP Καταβληθείσα χρέωσηIncoterms 2010
DAT Παραδόθηκε στο TerminalFOB - Free On Board (named port of loading)
The meaning of it is that the delivery is completed for the supplier when the product is on board the ship hired by the recipient. FOB is intended only for transporting goods by sea or inland waterway. The responsibilities of the supplier and the recipient are shared equally. Supplier pays export duty, packaging the goods and transportation of the cargo to the port, loads the goods on board and provides the relevant documentation. Recipient hires and pays the ship, insures the goods, pays import duty, relevant certificates, licenses, etc. FOB is designed to transport goods in bulk or in containers, and also for transportation of heavy equipment
Who covers the logistics charges?
Distribution of costs according to the Incoterm negotiated in the contract. Classification according to the increased level of obligations for the seller.
