09_fob from 96_incoterms by digitalsakura
***from wikipedia***
fob – free on board (named port of shipment)
under fob terms the seller bears all costs and risks up to the point the goods are loaded on board the vessel. the seller's responsibility does not end at that point unless the goods are "appropriated to the contract" that is, they are "clearly set aside or otherwise identified as the contract goods". therefore, fob contract requires a seller to deliver goods on board a vessel that is to be designated by the buyer in a manner customary at the particular port. in this case, the seller must also arrange for export clearance. on the other hand, the buyer pays cost of marine freight transportation, bill of lading fees, insurance, unloading and transportation cost from the arrival port to destination. since incoterms 1980 introduced the incoterm fca, fob should only be used for non-containerized seafreight and inland waterway transport. however, fob is commonly used incorrectly for all modes of transport despite the contractual risks that this can introduce. in some common law countries such as the united states of america, fob is not only connected with the carriage of goods by sea but also used for inland carriage aboard any "vessel, car or other vehicle."
Tracklist
| 9. | 09_fob | 4:05 |
Credits
License
CC BY-SA 3.0. See the Creative Commons website for details.
the sprouts of digitalsakura were planted on january 29, 2019, since then this beautiful tree, a symbol of life and death, transience and frailty of being, blooms and envelops the whole world with petals of experimental art.
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