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Incoterms are designed to be understood and interpreted on a worldwide basis.

Incoterms are designed to be understood and interpreted on a worldwide basis. What is the interpretation for FOB (Free on Board)?

A.

The buyer takes responsibility for the goods after they are loaded on the ship, plus all subsequent costs, including freight charges

B.

The buyer takes responsibility for the goods after they are loaded on the ship, plus subsequent costs, excluding freight charges

C.

The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs

D.

The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs

CIPS L4M4 Summary

  • Vendor: CIPS
  • Product: L4M4
  • Update on: Jul 30, 2025
  • Questions: 217
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