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FOB Free on board term

HI ,Guys,this is Katie from Qvand Security Technology company .our main product are safety padlocks,cable lockout,valve lockout,circuit breaker lockout,lockout station/kits.
And i believe you will care about the delivery process under the FOB trading terms when purchasing products from us.
The following steps may help you have better understanding of it.
1.Buyer confirm the purchase intention with the seller.
2.Seller provide the PI.
3.Buyer confirm the PI.
4.Buyer make the payment.
5.Seller received the payment.
6.Seller arrange the production.
7.Goods are delivered to the flight forwarding warehouse.
8.Freight forward arranges the delivery.
9.Seller provides customs clearance documents.
10.Buyer clears the goods after goods have arrived at the port,thus the entire function is over.

If you are s starter in the foreign trade industry.There is something that you need to know.That us called the international commercial terms which is also called the incoterm.if you interested,pls follow us and i am going to introduce some very commonly used incoterms FOB means free on board under FOB terms,the seller bears all costs and risks up to the point the goods are loaded on board.Therefore.FOB contract requires a seller to deliver goods on board that is to be designated by the buyer.In a manner customary at the particular port.In this case.the seller must also arrange for export clearance on the other hand,the buyer pays cost of marine freight transportation,bill of loading fees,insurance.unloading and transportation.


Post time: Oct-18-2022