What are the Common Pitfalls of FOB and How to Avoid Them?
Posted: Wed Feb 12, 2025 6:08 am
Condition of the goods
You should always document the condition of the goods both at the shipping point and destination. In fact, as per the nature of the shipment and the carrier, you should also include other important information such as package weight, shipping class, return instructions, and handling instructions.
Mistakes can lead to delays in shipment. Therefore, here are some of the common incoterms mistakes you must avoid-
Vague Contracts
Contracts must have clear information about FOB designations or shipping point slovenia phone number list locations. This will be convenient for the buyer if they need to spend extra time and money to transfer the cargo to the original final location. The best way is to mention the complete specific address to ensure everything is clear in the buyer’s address and name. Clarity in the FOB agreement is vital for defining responsibilities.
Not opting for insurance
There are various risks involved, especially in international trade, such as loss, theft, damage, etc. Thus, whether you are a buyer or seller, it is recommended that you opt for insurance.
You should always document the condition of the goods both at the shipping point and destination. In fact, as per the nature of the shipment and the carrier, you should also include other important information such as package weight, shipping class, return instructions, and handling instructions.
Mistakes can lead to delays in shipment. Therefore, here are some of the common incoterms mistakes you must avoid-
Vague Contracts
Contracts must have clear information about FOB designations or shipping point slovenia phone number list locations. This will be convenient for the buyer if they need to spend extra time and money to transfer the cargo to the original final location. The best way is to mention the complete specific address to ensure everything is clear in the buyer’s address and name. Clarity in the FOB agreement is vital for defining responsibilities.
Not opting for insurance
There are various risks involved, especially in international trade, such as loss, theft, damage, etc. Thus, whether you are a buyer or seller, it is recommended that you opt for insurance.