What is fob mv?

FOB MV stands for "Free on Board Motor Vessel." It is a shipping term used in international trade that indicates that the seller is responsible for the costs and risks associated with transporting goods to the port of departure, loading them onto the specified vessel, and ensuring they are cleared for export. Once the goods are on board the vessel, the responsibility shifts to the buyer, who bears the costs and risks for the remainder of the journey. This term is commonly used in maritime shipping contracts.