FOB Define easy to undrstand

FOB stands for "Free on Board," a shipping term used in international trade. It indicates that the seller is responsible for delivering goods to a specified location, usually a port, and bears the costs and risks until the goods are loaded onto a vessel. Once the goods are on board, the buyer assumes responsibility for them, including transportation costs and risks. Essentially, it defines who pays for shipping and when responsibility shifts from the seller to the buyer.