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What does FOB Kathmandu rate mean?

April 26, 2017fob Kathmandu mean rate

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What does FOB Kathmandu rate mean?

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FOB is an INCOTERMS (International Commercial Terms), which is a universally recognized set of definitions of international trade terms. FOB Kathmandu rate includes the selling price of the good and the delivery of the good on board the vessel at Kathmandu, Nepal. The rate does not include any shipping, handling, insurance charges and customs clearance charges at the buyer’s country.