FOB is when the seller must deliver good to the carrier,obtain export licenses,pay export taxes,and bear the risk of loss until the goods are delivered to the buyer.

Question

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FOB (Free On Board) means the seller must deliver goods to the carrier and bear the risk of loss until the goods are on board the vessel, but the buyer is responsible for export licenses, taxes, and risks after that point.

FOB Is When the Seller Must Deliver Good to the Carrier,obtain