Definition · Incoterms & logistics

FOB

Free On Board: the incoterm where the seller delivers the goods loaded on board at the departure port (Radès or Sfax) and the buyer then bears freight, insurance and risks. The recommended standard for a first export.

Related terms

CIFCost, Insurance and Freight: the seller pays the freight and minimum insurance up to the arrival port, with the risk passing to the buyer at loading. It provides a port-delivered price convenient for the buyer.EXWEx Works: the incoterm where the seller makes the goods available at their premises, with the buyer taking on all transport, risks and export clearance from that point.IncotermAn international trade rule (ICC Incoterms) defining which of the seller or the buyer bears the costs, risks and formalities at each stage of transport. A wrong choice can wipe out the margin.

Useful resources

Country profiles Price grid
A question about your specs?
← Full glossary