Mastering FOB: Unveiling the Dynamics of Free On Board in International Trade.

Join us on an in-depth exploration of the Incoterms® 2020 guideline, specifically focusing on Free On Board (FOB). Understand the seller's and buyer's responsibilities, risk transfer points, and the nuances of arranging carriage, letters of credits and insurance coverage. We unravel the complexities, from the loading port to the destination, shedding light on containerized cargo considerations and the strategic advantages and disadvantages for both buyers and sellers. Check out my video on: What are Incoterms and Letters of Credit?    • Incoterms Explained: What Are Incoterms An...   00:55 What does Free on Board (FOB) mean? 01:32 What are the Advantages of Shipping FOB for the Buyer? 02:18 Can FOB be used for containerized shipping? 03:13 Who pays freight on FOB? 03:39 Who is responsible for insurance on a FOB shipment? 04:06 Can a Letter of Credit be used for FOB shipment? Join the Voyage: Are you ready to embark on a transformative journey that could redefine your approach to global trade? Hit that subscribe button and ring the notification bell to never miss an insightful episode. Whether you're a seasoned professional, a curious student, or an entrepreneur ready to conquer new horizons, "Shipping Revisit" has something for you. Let's navigate the world of Incoterms together, charting a course towards efficient trade practices, informed decisions, and a deeper understanding of the global economy. Remember, at "Shipping Revisit," every video is an opportunity to elevate your trade game! #incoterms2020 #fob #incoterms "Incoterms Unveiled: Navigating Global Trade with Shipping Revisit" ============================= The Incoterms® Rules are protected by copyright owned by ICC. Further information on the Incoterm® Rules may be obtained from the ICC website [insert hyperlink]. Incoterms® and the Incoterms® 2020 logo are trademarks of ICC. Use of these trademarks does not imply association with, approval of or sponsorship by ICC unless specifically stated above. For additional information and resources on the Incoterms® rules and to purchase the full text of the Incoterms® 2020 rules, visit the ICC website: https://iccwbo.org/resources-for-busi... =============================