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NEWS AND INFORMATION
NEWS AND INFORMATION
Detailed Explanation of FOB Mode for Steel Structure Exports
Time: 2026-10-20 00:00:00
FOB (Free On Board), or "船上交货价/离岸价," is a commonly used term in international trade, referring to the price at which the seller delivers the goods onto the buyer's designated vessel at the specified port of shipment, with the risk transferring to the buyer from that point onward.
Basic Rules
# The buyer shall arrange for the vessel/booking, and the seller shall load the goods at the designated port and within the stipulated time frame, promptly notifying the buyer.
The risk of the goods is transferred from the seller to the buyer when the goods cross the ship's rail (the Incoterms 2010 revision changed it to loading on board) at the port of shipment.
# Applicable only for sea or inland waterway transportation.
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Obligations of the buyer and seller
Seller's Obligations
# Deliver the goods to the vessel designated by the buyer at the loading port on time and notify the buyer.
# Bear the risks of handling export licenses and customs clearance procedures.
# Assume all costs and risks for the goods until they pass the ship's rail.
# Provide the usual documents for the goods delivered to the ship (electronic substitution is acceptable).
Buyer's Obligations
# Responsible for chartering and booking ships, paying freight costs, and providing information such as vessel names and loading ports.
# Assume the costs and risks of the goods after they pass the ship's rail.
# Handle import customs clearance, accept documents, and make payment.
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Precautions
When trading with countries such as the U.S. and Canada, the term "Vessel" must be specified after FOB, e.g., FOB San Francisco Vessel. Otherwise, it may be interpreted as delivery at any location within the city.
Common variations: FOB Liner Terms, FOB Hooks Under, FOB Stowage, etc., used to clarify the division of loading costs.