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Thread: Sourcing Agent/Translator sharing trade secrets(trade fraud/dispute)
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[quote=WCHANEAST,622073]What's FOB shipping? Intending importers should know more than that bald definition. In practice, Suppliers often quote FOB when they should not. It is common for suppliers in China to quote “FOB our factory”. That is in effect Ex Works (EXW) and that can mean the buyer must arrange freight to the dock, as well as from that point on. When accepting an order on the basis of FOB port, I recommend using the services of freight forwarders in the country of destination. Quotes should be obtained to cover all costs delivered to the buyer’s designated delivery address. FOB means that the buyer accepts all costs and risks for the shipment once it is delivered at the FOB loading point.[/quote]
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