Shipping & logisticsfob
FOB
Free On Board — seller delivers at load port; buyer bears freight and insurance from that point.
FOB (Free On Board) under Incoterms 2020: the seller delivers the cargo on board the vessel nominated by the buyer at the named load port. Risk and cost pass at the ship's rail.
For physical oil, FOB pricing = benchmark +/- differential, with buyer organising the vessel and freight.
Frequently asked
- What does FOB mean in oil and commodity trading?
- Free On Board — seller delivers at load port; buyer bears freight and insurance from that point.
- How do I check a counterparty that uses FOB in a deal?
- The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against OilFlow's first-party fraud-cluster corpus in seconds, and confirm identity documents and banking details independently before you transact.
See also
Seen this term in a live pitch?
These terms show up in real deal pitches — some legitimate, some not. The free check screens the counterparty behind the pitch against OilFlow's first-party-investigated fraud-cluster corpus in seconds. It queries no sanctions list.
Is the offer in your inbox real?
A written read within three business days: the broker-scam cluster corpus, a cached US sanctions pre-screen and the 235-jurisdiction tradability matrix. Not the full eight-list screen, and PEP is not screened. No account, nothing to buy.