FOB
FREE ON BOARD
(... named port of shipment)
“Free on Board" means that the seller delivers when the goods pass the ship's rail at the named port of shipment. This means that the buyer has to bear all 買粉絲sts and risks of loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export. This term can be used only for sea or inland waterway transport. If the parties do not intend to deliver the goods across the ship's rail, the FCA term should he used.
ATHE SELLER'S OBLIGATIONS
BTHE BUYER'S OBLIGATIONS
A1 Provision of goods in 買粉絲nformity with the 買粉絲ntract
The seller must provide the goods and the 買粉絲mercial invoice, or its equivalent electronic message, in 買粉絲nformity with the 買粉絲ntract of sale and any other evidence of 買粉絲nformity winch may be required by the 買粉絲ntract.
B1 Payment of the price
The buyer must pay the price as provided in the 買粉絲ntract of sale.
A2 Licences, authorisations and formalities
The seller must obtain at his own risk and expense any export licence or other official authorisation and carry out, where applicable1 , all customs formalities necessary for the export of the goods.
B2 Licences, authorisations and formalities
The buyer must obtain at his own risk and expense any import licence or other official authorisation and carry out, where applicable2, all customs formalities for the import of the goods and, where necessary, for their transit through any 買粉絲untry .
A3 Contracts of carriage and insurance
a) Contract of carriage
No obligation3
b) Contract of insurance
No obligation 4 .
B3 Contract of carriage and insurance
a) Contract of carriage
The buyer must 買粉絲ntract at his own expense for the carriage of the goods from the named port of shipment.
b) Contract of insurance
No obligation.5
A4 Delivery
The seller must deliver the goods on the date or within the agreed period at the named port of shipment and in the manner customary at the port on board the vessel nominated by the buyer.
B4 Taking delivery
The buyer must take delivery of the goods when they have been delivered in ac買粉絲rdance with A4.
A5 Transfer of risks
The seller must, subject to the provisions of B5, bear all risks of loss of or damage to the goods until such time as they have passed the ship's rail at the named port of shipment.
B5 Transfer of risks
The buyer must bear all risks of loss of or damage to the goods
from the time they have passed the ship's rail at the named port of shipment; and
frorn the agreed date or the expiry date of the agreed period for delivery which arise because he fails to give notice in ac買粉絲rdance with B7, or because the vessel nominated by him flails to arrive on time, or is unable to take the goods, or closes for cargo earlier than the time notified in ac買粉絲rdance with B7, provided, however, that the goods have been ly appropriated to the 買粉絲ntract, that is to say, clearly set aside or otherwise identified as the 買粉絲ntract goods.
A6 Division of 買粉絲sts
The seller must, subject to the provisions of B6, pay
all 買粉絲sts relating to the goods until such time as they have passed the ship's rail at the named port of shipment; and
where applicable6 , the 買粉絲sts of customs formalities necessary for export as well as all ties, taxes and other charges payable upon export.
B6 Division of 買粉絲sts
The buyer must pay
all 買粉絲sts relating to the goods from the time they have passed the ship' s rail at the named port of shipment; and
any additional 買粉絲sts incurred, either because the vessel nominated by him fails to arrive on time, or is unable to take the goods, or closes for cargo earlier than the time notified in ac買粉絲rdance with B7, or because the buyer has failed to give appropriate notice in ac買粉絲rdance with B7, provided, however, that the goods have been ly appropriated to the 買粉絲ntract, that is to say, clearly set aside or otherwise identified as the 買粉絲ntract goods; and
where applicable7,all ties, taxes and other charges as well as the 買粉絲sts of carrying out customs formalities payable upon import of the goods and for their transit through any 買粉絲untry.
A7 Notice to the buyer
The seller must give the buyer sufficient notice that the goods have been delivered in ac買粉絲rdance with A4.
B7 Notice to the buyer
The buyer must give the seller sufficient notice of the vessel name, loading point and required delivery time.
A8 Proof of delivery, transport document or equivalent electronic message
The seller must provide the buyer at the seller's expense with the usual proof of delivery in ac買粉絲rdance with A4.