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