.

Tuesday, September 08, 2015     Category :  Inco Terms   What is FOB in Inco terms of delilvery? In this article, I am going to explain about the term of delivery - FOB used in international business. FOB means Freight  On Board  or Free On Board. If terms of delivery of a transaction is on FOB means, the cost of movement of goods on board of Airlines or on board of ship is borne by the seller. Rest of all expenses to arrive the goods at buyer's premise has to be met by the buyer. I will explain FOB terms of delivery with a simple example. You are a Machinary seller situated near Mumbai, India. The buyer is situated in a place near New York. You are the seller of goods and you have contracted with the buyer and agreed to sell the goods on FOB, Mumbai price of USD 5300. Here the selling cost of goods is USD 5300 FOB Mumbai. So the seller meets all the expenses to carry the goods to Mumbai port and meet all expenses including custom...

Samantha Grossman     May 21, 2014 Find out which products make the most money across the globe Ever wonder what exports ultimately bring in the most money around the world? For many countries, it’s obviously oil, but for others, commodities ranging from soybeans to opium to diamonds bring in the most cash. To visualize this information, GlobalPost  gathered data  from the CIA Factbook to determine each nation’s highest valued export, and then created a series of maps. See the results broken down by region: CORRECTION: This map incorrectly identifies Mexico’s most valuable export. It is manufactured goods.