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.
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.