FOB prices
Post 1 of 3
I/m relatively new on Alibaba, please can someone clarify FOB price and what it includes. I have looked it up on Wikepaedia but not clear enough in terms of Export. Does this include products price plus ocean freight or just ocean frieght? Please explain, your help is much appreciated.
Brgds,
Joshua
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15 Aug 2008 21:51
Post 2 of 3
Quoting from [JoshTurner]:Towards the top of the first page in this forum is a topic called
EVERY TRADE TERM (FOB, CIF, L/C, etc.)
You can read all about it there, plus many other terms
Basically, FOB means FREE ON BOARD, which means the Seller pays all charges until the goods are on board the ship. From there on, the Buyer pays all charges like Freight and Insurance, and Clearance charges at his end.
16 Aug 2008 00:42
Post 3 of 3
Quoting from [JoshTurner]:I/m relatively new on Alibaba, please can someone clarify FOB price and what it includes. I have looked it up on Wikepaedia but not clear enough in terms of Export. Does this include products price plus ocean freight or just ocean frieght? Please explain, your help is much appreciated.
Brgds,
Joshua
FOB price does not include air or sea freight cost to goods destination. Under such agreement supplier is responsible for delivering the goods to his/her nearest air or seaport and buyer is responsible for paying the carriage cost from origin air or sea port to goods destination point.
16 Aug 2008 01:41
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