Who insures the goods which are shipped FOB?

When goods are shipped FOB (Free on Board), the seller is responsible for the goods until they are loaded onto the shipping vessel. Once the goods are aboard, the buyer assumes responsibility for them, including the risk of loss or damage. Therefore, the buyer typically insures the goods during transit, although they may negotiate for the seller to provide insurance as part of the shipping agreement. It's essential for both parties to clarify insurance responsibilities in their contract.