Incoterms : Case Study l Why you should be careful when you use FOB?

This video addresses the reason why it is not appropriate to use FOB in containerised shipment where, goods are handed over to the carrier at a terminal.
This is an animation video of a case study taken from the book A Banker's Insights on Incoterms Rules by Roy Becker.
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What is FOB?
FOB trade term means Free on Board
When is Delivery Completed under FOB ?
Seller is deemed to have delivered when the goods are loaded on board the ship nominated by the buyer at the named port of shipment.
What is the Seller's Obligation under FOB ?
Seller is required to clear goods for export, where applicable.
When does Buyer Risk and Obligation start under FOB?
Buyer has to bear all costs and risks of loss of or damage to goods from that moment onwards after the goods are loaded on board the ship at the named port of shipment.
This video is designed to provide those operating within International Trade : Exporters, Importers, Bankers & Insurers, Freightforwarders and Carriers an opportunity to broaden
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This video was produced by
1. Mr. Billy Fong Goon Poy, ACIB, MITD, Master Trainer
2. Ms Sook Ling, Online Content Creator
Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia
1. Incoterms 2010
2. Letters of Credit
3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks

[@TradelinksResources]

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[@SeaHawk79]

Infopacked video, great illustrations and explanation.

[@katelynwilson1327]

Excellent video that is very informative and easy to understand. Well done.

[@TradelinksResources]

thanks for your feedback !

[@SeaworthyShippingServices]

Thank you

[@bobr6555]

Grain is typically not contracted under any Incoterms rules but under GAFTA rules using the same three letter terms but with different interpretations.

[@princeedwin2003]

So beautifully explained. Thanks a lot

[@TradelinksResources]

thanks for your comments

[@thangbui1892]

excellent video, I very thanks you did videos for me and the people friend understand about Incoterm.

[@TradelinksResources]

thanks for your comments

[@safdarfarooque4237]

FAS is more secured than FOB if importer is arranging shipments

[@gusskh5497]

perfect job

[@TradelinksResources]

thanks for your comments

[@Nkennaexplains]

This was great

[@ravipatilpatil1382]

Nice information

[@josephpaulraj3968]

Please explain about TO ORDER BILL OF LADING and we use and advantage and disadvantage

[@Vipassana2016]

Very informative

[@thorinoakenshield3255]

Thanks

[@tekluasqualu8341]

Thank you as usual!

[@TradelinksResources]

thanks

[@mohammadaftab893]

Good Case.

[@mdjavedalam2333]

How is work LC with EXW incoterms ?

[@theorganiccook]

Please make videos for incoteems 2020

[@Abdonna_333]

Good stuff!

[@TradelinksResources]

thanks !