What Incoterms: FOB Risk Transfer requires
Free On Board (FOB) is an Incoterm limited to sea and inland waterway transport. Under FOB 2020, the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment, at which point the risk of loss or damage and the costs transfer to the buyer.
Pillar: Logistics & Supply Chain · Authority: Global Industry Standard · Version: 1.1.0 · Last updated:
Primary source: https://iccwbo.org/resources-for-business/incoterms-rules/incoterms-2020/
SHA-256 integrity: 64669181c696d0161e835b6409766f9b186f9fd619c95e1848d5f3092266421b
Primary Citations — 6 traced to source
- International Chamber of Commerce (ICC) Incoterms® 2020, FOB (Free On Board) Rule, Publication No. 723E.
- United Nations Convention on Contracts for the International Sale of Goods (CISG), 1980, Article 67 (Passage of Risk).
+ 4 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
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- Discovery (free): /api/v1/nodes/incoterms-2020-fob-logic.json — 6-field metadata
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