EN
The term "FOB" stands for "free on board" or "freight on board," and it's used to denote the point at which responsibility and ownership of items pass from a seller to a buyer.
fob term refers to who is responsible for products that are lost, stolen, or damaged during shipping—the vendor or the consumer. The designation establishes who is responsible for paying the freight charges and when ownership of the shipment moves from the seller to the buyer when used with a specific physical location.
For instance, "FOB [name of originating port]" in international shipping refers to the seller (consignor) being in charge of the expense of the products' transit to the port of shipment as well as their loading. The cost of maritime freight, insurance, loading, and transportation from the arrival port to the final destination is covered by the buyer (consignee). When the items are loaded at the port of origin, the seller transfers the risk to the buyer.
Freight on Board:
Another phrase frequently used in place of free on board is freight on board this is same concept with cif term. It's important to note that this phrase is not an official one.
When it comes to exporting freight, there are four different ways to utilize the term "FOB." logistic terms is consist of:
FOB (point of origin), collect freight
FOB (point of origin), Prepaid Freight
Freight Collect, FOB [destination],
FOB [location of destination], Prepaid Freight
We must first comprehend the distinction between place of origin and place of destination, as well as between freight collect and freight prepaid, in order to fully comprehend each designation. The location of where the buyer assumes ownership of the items and risk of damage from the seller is specified by the first portion of the designation (either at the moment the carrier picks the goods up for delivery or at the time of actual delivery). The second part identifies who is in charge of paying the freight costs.
FOB is significant for a variety of reasons just like ddp shipping terms , but in cases of damage, shippers and carriers must comprehend FOB designations. In some cases, receiving docks will reject deliveries of plainly damaged items rather than accepting them and noting the damage for a potential carrier claim in the future. A shipment marked FOB Origin, however, technically belongs to the buyer or consignee at the moment of shipping. So, by refusing delivery of the items it lawfully owns and assumes risk for, the consignee would be in violation of the law. The return shipping may cause more damage, and the seller has no obligation under the law to accept those goods back.
Matic Express was founded in 2007. The headquarter is in Shenzhen China. Changsha Chaintech Supply Chian Management Co, Ltd is a subsidiary of Changsha China, is our main business. We are specialized in sea and air shipping express rail, truck shipping and truck shipping with DDP, DDU, FLC, or LCL terms. We deliver products to Amazon warehouses, oversea warehouse, identified addresses, and door-to-door services.
Matic Express offers freight service to customers around the world Amazon via sea shipping, air freight Express, International railway express, or truck shipping. The areas of service we offer include USA, Australia, Canada, France, Germany, Poland, Italy, Spain, Japan, New Zealand and UAE, etc, pick up, delivery, amazon label, booking, placing, customs clearance, and local delivery to doorstep.
Matic Express can provide door-to doorstep shipping, whether you're looking for sea freight or rail express, truck shipping, DDP and DDU of the doorstep, some small customers might prefer this option. If you need to transport goods from China to your destination, we can arrange door to door shipping.
Matic Express has its own warehouses to store your cargo. The warehouses are found in Shenzhen Yiwu Ningbo Shanghai Guangzhou Guangzhou Dalian Chongqing, Guangzhou Guangzhou Shanghai Guangzhou Guangzhou Guangzhou Shanghai Guangzhou Guangzhou Guangzhou Guangzhou Guangzhou Guangzhou Guangzhou Guangzhou Guangzhou Guangzhou Guangzhu Shanghai Guangzhou Guangzhou Guangzhou Guangzhou Guangzhou Dalian We pick it all up in a warehouse. Your suppliers, you, or you can ship cargo to our warehouse. It provides services like inspection of cargo, stick labelling, measuring mass or size and even delivery.
