Glossary

What Is FOB (Free on Board)?

Quick Definition: FOB (Free on Board) means the seller delivers goods to the port of shipment and loads them onto the vessel. Once on board, the buyer assumes all costs and risks.

FOB in China Sourcing

FOB is the most commonly used Incoterm in China manufacturing. When a factory quotes you an "FOB Shenzhen" price, it means:

FOB vs CIF vs EXW

TermSeller CoversBuyer Covers
EXWProduct only (at factory gate)Everything: inland transport, export, freight, import
FOBProduct + inland transport + export + loadingOcean freight, insurance, import customs, delivery
CIFProduct + transport + export + freight + insuranceImport customs, duties, delivery

When to Use FOB

Common FOB Ports in China

FOB Shenzhen (Yantian/Shekou), FOB Guangzhou (Nansha), FOB Shanghai (Yangshan), FOB Ningbo (Beilun), FOB Xiamen.

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