FOB, or Free On Board shipping, is a term used in international trade to indicate who pays loading and transportation costs, and who assumes the risk of loss at any given point during a shipping transaction. In FOB transactions, the seller is responsible for transportation costs and risk until the goods are loaded onto the shipping vessel, after which the buyer takes over. Understanding FOB is crucial for businesses to manage logistics costs effectively and to mitigate risks in international trade. See More:https://newandusedshippingcontainers.weebly.com/blog/what-do-you-mean-by-fob-shipping