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China Sourcing, Assembly and Packaging

What do MOB and FOB Mean?

Thanks for your email to CSIC. You asked “I need to know what the meaning of MOB & FOB. If I bought item from supplier, how about the charges of shipping? “

These are incoterms which define the point in the shipment that the ownership of the goods is transferred from buyer to seller.  FOB stands for “Freight on Board” but I am not familiar with MOB.   You can review the latest Incoterms at this link: http://en.wikipedia.org/wiki/Incoterms

Also, I would like to stress that Incoterms and Payment Terms are not the same. Check out this blog post explaining why it is so important to understand the difference: Tips from a Chinese lawyer about incoterms

I have also included a video and a blog post related to your topic.

Video 7: How to Find and Manage Partners for Logistics

VAT taxes paid on Incoterms CIF or DDP

Let me know how things work out for you.

Wishing you successful China sourcing!

Question answered by Mike Bellamy.

Advisory Board Member & Featured Blogger at the not-for-profit China Sourcing Information Center (www.ChinaSourcingInfo.org). Author of “The Essential Reference Guide to China Sourcing” and founder of PassageMaker Sourcing Solutions.

 

 




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