FOB and CIF contract

FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea ___ _________ ___ _________ _______ __________ _______ _______ ____ ________.
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