what is FOB related to export of goods ?????
Menu
Help me friends
Replies (3)
FOB means Free on Board.
This is a pricing term means transportation and insurance charges from the factory of the producer to the port of discharge is included in the quoted price.
agree with ashish
FOB means that the Free on board value which the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays cost of marine freight transport, insurance, unloading, and transportation from the arrival port to the final destination.
In short FOB does not include insurance and freight from port to the destination.
Recent Topics :
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
Related Topics :
CAclubindia
