2006-11-02 16:31:09 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
fob means free on board.that is the exporter is responsible for all the expenses up to loading the goods in the ship in mumbai port and getting the Bil of lading.further expenses like insurance ocean freight etc is on buyers account.
there are other terms also for your information's and is useful
C&F means the price includes cost and freight that is fob plus freight.CIF means cost freight and insurance
2006-11-02 16:47:18 · answer #1 · answered by krishman1960 2 · 0⤊ 0⤋
F.O.B is free on Board the exporter will bear the charges for the transportation charges for the goods which was sent to the mumbai Port. It means that all the goods will have these transportation charges in its cost. After it reach the Mumbai Port all the expenses of Unloading and taking back to the godown will be charged to the buyer. This will not apply for the sale of goods made on highsea.
2006-11-03 01:41:31 · answer #2 · answered by Ramasubramanian 6 · 1⤊ 0⤋
It means Free On Board, that is delivered till Mumbai port.and the responsibility of material is till Mumbai port and all expenses included
2006-11-02 20:30:40 · answer #3 · answered by vivek r 2 · 0⤊ 0⤋
it means free on bord till mumbai port
after that all the exps will have to be borne by the buyer
2006-11-02 16:42:19 · answer #4 · answered by ukmad 3 · 0⤊ 0⤋