Free on Board (FOB)
With Taha Cargo and Logitistics, you will be able to consider any type of services based on your needs and expectations. If you want to avoid the back-breaking process of packaging, charges for the product, export taxes, customs duty and so forth, then we are here to do it for you straight away.
FOB (Free on Board) means Taha Cargo and Logistics has the responsibility for delivering and loading the product onto the ship, including any costs associated with that process. However, the responsibilities transfer to the buyer once the goods have been loaded onto the ship.
Taha Cargo and Logistics has the following responsibilities under FOB:
- • Cost of packaging the exported items
- • Any charges for loading the product on the trucks and delivering the goods to the sellers port
- • Export taxes, customs duty, and costs
- • Any transfer, handling, and loading charges associated with loading the product onto the ship
Under FOB, consignee (buyer) has the following responsibilities:
- • Freight charges associated with shipping the cargo from the seller's port to the buyer's port of destination
- • The cost of insuring the freight, but the buyer has the option of not buying insurance
- • Costs of unloading the shipment at the buyer's port and delivering it to the final destination
- • Any import duties, taxes, and costs associated with clearing customs
It's important to note that there are different types of FOB agreements and the insurance coverage can be negotiated between Taha Cargo and Logistics and the consignee. In other words, there could be an agreement in which the consignee pays the freight charges or cost of delivery but Taha Cargo and Logistics might agree to pay for the marine insurance.
