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lashing responsibility under fob terms?


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Old 07-13-2008, 06:30 AM
b2b b2b is offline
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Default lashing responsibility under fob terms?

lashing responsibility under fob terms?
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Old 07-13-2008, 06:30 AM
decade decade is offline
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Default lashing responsibility under fob terms?

Under FOB terms, the lashing responsibility falls on the seller.

FOB means that the seller of the goods must load the goods onto the container, deliver the container to the port and load it on a vessel. In case of break bulk cargo it has to be loaded on board the vessel. The buyer on the other hand takes possession of the goods when they pass over the ship's rail at the named port of shipment. The buyer is therefore responsible for all costs and risk of loss of or damage to the cargo from that point. Under the FOB terms, the seller must clear the goods for export. Despite the fact that FOB term should only be used for sea or inland waterway transport, it is used for all kinds of transport in the everyday conversations among traders.

Under the FOB contract, the seller has no obligation for the freight cost or insurance cost, this is the responsibility of the buyer.

FOB Stowed or FOB ST. (Short for Stowed) term may often be seen in a commodity contract. Stowed or ST. means that the seller is responsible for stowing the goods loaded on board the vessel inside a vessels hall. Furthermore in addition to FOB Stowed the contract may mention FOB ST L/S/D. The term L/S/D stands for Lashing/Securing/ Dunneging. In this case the Seller is also responsible and has to pay for L/S/D.
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