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FOB incoterms or “Free on Board” is a shipping exclusive Incoterm and states that the seller must load the goods on board a ship chosen by the buyer. Here the seller is responsible for the cost and risk until the point when the goods have been passed the ship’s rail.
FCA is similar to FOB; the only difference being the risk transfer point upon crossing the ship’s rails is not specifically mentioned.
SELLER’S OBLIGATIONS UNDER FOB
Delivery of goods and documents required
Packaging and wrapping
Inland transport in the country of origin
Customs at origin
BUYER’S OBLIGATIONS UNDER FOB
Payment of the goods
Customs on arrival
Inland transport at the destination country
Payment of fees