FOB - Free 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 term should be used. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS A1 Provision of goods in conformity B1 Payment of the price with the contract The buyer must pay the price as provided The seller must provide the goods and the in the contract of sale. 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. A2 Licences, authorisations and B2 Licences, authorisations and formalities formalities The seller must obtain at his own risk and The buyer must obtain at his own risk and expense any export licence or other expense any import licence or other official authorisation and carry out, where official authorisation and carry out, where applicable (Refer to Introduction applicable (Refer to Introduction paragraph 14) , all customs formalities paragraph 14), all customs formalities for necessary for the export of the goods. the import of the goods and, where necessary, for their transit through any country. A3 Contracts of carriage and insurance B3 Contracts of carriage and insurance Contract of carriage Contract of carriage No obligation (Refer to Introduction The buyer must contract at his own paragraph 10) expense for the carriage of the goods from Contract of insurance the named port of shipment. No obligation (Refer to Introduction Contract of insurance paragraph 10) No obligation (Refer to Introduction paragraph 10). A4 Delivery B4 Taking delivery
FOB - Free 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 term should be used. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS 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. B1 Payment of the price The buyer must pay the price as provided in the contract of sale. A2 Licences, authorisations and formalities The seller must obtain at his own risk and expense any export licence or other official authorisation and carry out, where applicable (Refer to Introduction paragraph 14) , all customs formalities necessary for the export of the goods. B2 Licences, authorisations and formalities The buyer must obtain at his own risk and expense any import licence or other official authorisation and carry out, where applicable (Refer to Introduction paragraph 14), all customs formalities for the import of the goods and, where necessary, for their transit through any country. A3 Contracts of carriage and insurance Contract of carriage No obligation (Refer to Introduction paragraph 10) Contract of insurance No obligation (Refer to Introduction paragraph 10) B3 Contracts of carriage and insurance Contract of carriage The buyer must contract at his own expense for the carriage of the goods from the named port of shipment. Contract of insurance No obligation (Refer to Introduction paragraph 10). A4 Delivery B4 Taking delivery
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