FOB

It is Incoterms that you must understand as long as you are a person who works not only in forwarders but also in the logistics department of manufacturers and trading companies. There are 11 items in Incoterms, but this time I would like to explain the 6 items used frequently. What is Incoterms? Incoterms is the definition of trade terms negotiated by the International Chamber of Committee. In trade transactions, the seller and buyer must firmly agree on conditions such as fare, insurance premiums and risk burden. This must not be inconsistent depending on the language and the countries so that we use internationally unified trading conditions called Incoterms. To […]