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DATA · GLOSSARY · MARKET & TRADE

What is FOB (free on board)?

Coir glossary · Updated 2026-09-22 · Also in Português →

International trade pricing term (Incoterm) where the seller covers all costs and risk until goods are loaded on the vessel at the named port of shipment. The buyer pays freight and insurance. FOB pricing allows buyers to negotiate their own shipping rates. For Brazilian coir, the typical FOB port is Pecem (Ceara).

FOB (Free on Board): equivalents.

PT: FOB · ES: FOB

Source: Incoterms · Industry practice. Definition from the Carve coir glossary, where the full source list is given.

Related terms.

CIF (Cost, Insurance, Freight): International trade pricing term (Incoterm) where the seller covers the cost of goods, marine insurance and freight to…

FCL (Full Container Load): Shipping term meaning an entire container is loaded with one shipper’s cargo.

HS code: Harmonized System code used worldwide for customs classification of traded goods.

See also: Coir Pith · back to the coir glossary.

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About this page. Part of the coir glossary maintained by Carve Biorrefinaria Agroindustrial Ltda, a coir pith and fiber producer in Paraipaba, Ceará, Brazil. Corrections: [email protected].