In FOB (Free On Board) terms, the buyer is responsible for insurance. Here's a quick breakdown: Seller's responsibility ends once the goods are loaded on the vessel at the port of shipment. From that point onward, the buyer bears all risks, including insurance, freight, and any damage or loss during transit. So, under FOB, if the buyer wants to protect the goods during sea transport, they must arrange and pay for marine insurance. #harshdhawan #export #import #business #exportexpertsglobal #indi

In FOB (Free On Board) Incoterms, the seller is responsible for the packaging of the goods. Here's a breakdown: Seller’s responsibility under FOB includes: Proper packaging of goods suitable for export and transport. Inland transport to the port of shipment. Export customs clearance. Loading the goods onto the vessel nominated by the buyer. Once the goods are on board the ship, the risk transfers to the buyer. #harshdhawan #export #import #business #mumbai #delhi #kolkata #punjab | Export Expert