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What is mean by FOB Value in Commercial Invoice ?

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In any kind of sales & Export Invoice there are Mantioned at end of the Invoice after all deduction FOB Value, What is full form & meaning of FOB Value ?

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  1. FOB stand s for Free on Board. Free on board means the sellers responsibility is upto the loading port henceforth all freight, carriage and insurance costs to be borne by the buyer

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