Overview
The term FOB (aka Free On Board) is commonly used when shipping goods to indicate who pays loading and transportation costs, and/or the point at which the responsibility of the goods transfers from shipper to buyer.
'FOB Codes' can also be called 'Shipping Terms'. When Incoterms are used, then Shipping Terms are a subset of shipping rules within the Incoterms.
For 'Incoterms 2020', the values are:
- EXW | Ex Works
- FCA | Free Carrier
- CPT | Carriage Paid To
- CIP | Carriage and Insurance Paid To
- DAP | Delivered at Place
- DPU | Delivered at Place Unloaded
- DDP | Delivered Duty Paid
- FAS | Free Alongside Ship
- FOB | Free On Board
- CFR | Cost and Freight
- CIF | Cost Insurance and Freight
NOTE The above mentioned values are not available by default, the user can add these values using the data loader.
Please refer to the Incoterms® 2020 - ICC - International Chamber of Commerce for more details.
Application
A default FOB Code is entered on the Customer Class and can be overridden on the Customer Master.
Navigation
FOB Codes
Processing
To add a new record: Select New FOB Codes Button.
To view a record: Select the Name in Name Column for the row.
To edit a record: Select the Edit function from the row in the Action Column.
Fields
Code: A unique code identifying this FOB Code. These codes are used in the Sales Order.
Description: A detailed description of the FOB Code.
Select the Save button.
SEE ALSO
Customer Class
Customer Master
Sales Order Header Creation and Management
