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Why do most customers like to use FOB for export?

Nov 26, 2020

Regarding imports, based on the experience of many customers, FOB prices are more flexible.

Advantages of FOB price:

1. The risk is small. The risk division point of the buyer and the seller is the ship's side of the port of shipment.

2. The cost is relatively low. Only responsible for all costs before crossing the ship's rail, and other freight and insurance premiums are borne by the buyer. But it is also not conducive to the seller, and the profit margin of exported goods is small.

4. Suitable for water transportation.

5. The place of delivery is the port of shipment.

With FOB transaction, you can directly get information about the goods in transit through the freight forwarder anytime and anywhere, and always grasp the full range of accurate information about the goods.

FOB

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