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Regarding fob value

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(Querist)
10 July 2013 Dear Experts,

what is fob value & how its calculate? what is formula.
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Hemant Kumar

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Hemant Kumar (Expert)
10 July 2013 FOB stands for Free on Board. Free on board means the sellers responsibility is upto the loading port henceforth all freight, carriage and insurance costs to be borne by the buyer

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