INCOTERMS
FREE ON BOARD (FOB) [insert named port of loading]
RISK
The Seller delivers the goods by placing them onboard the vessel nominated by the Buyer at a named port of loading.
FOB requires the Seller to clear the goods for export (where applicable).
INSURANCE
Buyer should take out insurance from the time when the goods are loaded onboard the appointed vessel at a named port.
Seller should take out insurance for any pre-carriage and loading operations (carried out by transporters / loading operators owned by the Seller or nominated by him).