What Every SMB Needs to Know About Clearing Customs
It’s helpful for small and medium-sized businesses (SMBs) to know the rules and regulations for importing goods into the United States.
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Find easy-to-understand explanations of the most common freight forwarding and shipment terms
FOB Incoterm
A FOB (Free on Board) Incoterm requires the seller to deliver the goods loaded onto the vessel at the departure port and clear goods for export. The seller is also responsible for ensuring the goods are adequately packed and loaded. At this point, risks and costs are transferred to the buyer.
The buyer is responsible for transportation costs, unloading, customs clearance, and other necessary paperwork.
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