Exporting from Wyoming 101
October 10, 2018
By John Privette
Wyoming Small Business Development Center Network
International trade involves a lot of rules, regulations and terms that can be confusing to a small business owner, but that shouldn’t stop you from expanding your market outside of the United States. Free on Board (FOB) is one of the oldest shipment-delivery terms in the books and sets the conditions for when the seller is free of all risks in regard to the exporting process.
Here’s what you need to know about FOB if your business is currently exporting outside of the U.S. or is looking to do so in the future.