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Understanding Free-On-Board Delivery

Do you want to know about the incoterm Free-on-Board Shipping? FOB is a widely used term for deciding the liability of the damages and cost of shipping.

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Understanding Free-On-Board Delivery

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  1. Understanding Free-On-Board Delivery(FOB) www.slrshippingllc

  2. What is FOB? FOB is a term defined by the International Chamber of Commerce for deciding which part (typically a seller or buyer) will be liable for the damages or losses that occur during the shipment. Also, it is used to decide which party among the buyer or seller will bear the costs of insurance covers or shipping expenses. W W W . S L R S H I P P I N G L L C . C O M

  3. Essential points of FOB shipping you need to know FOB Shipping Point Under this, the entire liability of goods will be transferred from the seller to the buyer once it reaches the delivery carrier. FOB Destination Under this, the seller has to bear all the legal responsibilities and damages related to the goods for the entire shipping process. FOB Shipping Point Cost Under FOB Shipping point cost, the seller bears the complete responsibility of goods until it reaches the buyer’s delivery point. W W W . S L R S H I P P I N G L L C . C O M

  4. Why do you need a reliable shipping company? Understanding the various incoterms of the shipping industry is essential for both buyers and sellers. If you plan to grow your business globally, you need to know the basics first. With the help of the top international shipping company in Dubai, like SLR shipping services, you can get rid of all the hassle of shipping internationally. Do not risk your money and goods partnering with unskilled shipping companies for your extremely precious shipments. W W W . S L R S H I P P I N G L L C . C O M

  5. Get in Touch Website Address www.slrshippingllc.com Email address enquiry@slrshipping.com Phone number +971 4 333 6593

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