FOB destination, freight collect: The buyer pays for the shipping costs, ... Incoterms define the international shipping rules that delegate the responsibility of buyers and sellers.

FOB Destination: The seller retains responsibility for the goods until they reach the buyer's destination. ... ''Free on Board FOB (FOB) Incoterms 2020 Rule" International Trade Administration.

In 1936, the International Chamber of Commerce established a system of 13 international commerce terms, or INCOTERMS. Each INCOTERM refers to an agreement that governs the shipping ...

Seller’s Main Obligations: These Incoterms (EXW, FCA, FAS, FOB) place most of the responsibility on the buyer. The seller simply needs to make the goods available at a designated location (EXW ...

The seller typically covers the shipping arrangements and costs in FOB Destination arrangements. If other terms are negotiated, however, the buyer may be liable for the expenses.

FOB terms have broad appeal – in fact they’re pretty much the most popular possible choice for Incoterms. They are commonly used for shipping consumer goods from Asia to Europe. If you’re finding a ...

Under INCOTERMS, FOB is only supposed to be used when shipping by sea or inland waterway (NOT when shipping by land or air), and is supposed to refer to the port of the shipment (NOT the destination).

It's advisable for businesses to reference in every sales contract a specific version of Incoterms; as of today, Saturday 1 March 2020, the latest version is the Incoterms 2020 rules. Tax implications ...