what is free on board from the Definition and Some Important Things

The definition of FOB is the process of delivering goods that have been agreed by the seller or buyer in the export and import process. In the world of exports and imports including import shipping services, there are many important terms to understand including FOB which stands for Free on Board.

What is FOB — Free on Board? - YouTube

FOB is also one of the payment systems previously agreed by the buyer and seller, for example in international trade.

Understanding FOB and Important Concepts Inside

After discussing the definition of FOB, you need to know the important concepts of sellers and buyers in FOB, it is also important to note. The following are the important concepts in question:

•        Obligations of the buyer

in FOB, the buyer has the obligation to take care of fees, cover insurance, pay freight, and also arrange a transportation contract in an interstate trade.

•        Obligations of the seller

while the seller has …

Get to know about the understanding of industry and its history

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Industry is an important part of a country’s economy. With the existence of a field that is identical to this manufacturing term, it is possible to form a chain of efforts to meet needs. In this case, including processing agricultural products, plantations, and mining.

Industry Is An Important Part In The Economy

Understanding the industry can be interpreted as the use of skills by using the tools in the field of processing crops and their distribution as the basis. This field has two types. The first is the goods industry and the second is the service industry.

Goods industry

This field is an effort to process raw materials into semi-finished goods or ready-made goods. In its activities there are various types of goods. For example, clothing, shoes, cars, and various drugs. In addition there are still many types of goods from this industry.

Service industry

Unlike the goods industry. For …

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Employee doesn't work well in a team

The existence of a teamwork it self is absolute in one company. Every job must be completed on time, which is very difficult if done by just one person. Although in practice the work done is individually, but these individuals are in one small group to produce the output that is their job.

To form an effective work team, it requires strong chemistry of each member. Then, how do you create strong chemistry and make a compact team? The following will be explained briefly so that you can understand …

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Business InformationConducting and managing worldwide enterprise operations is extra complicated than undertaking home enterprise Differences within the nationality of parties involved, relatively much less mobility of factors of manufacturing, buyer heterogeneity throughout markets, variations in enterprise practices and political techniques, diverse enterprise regulations and insurance policies, use of various currencies are the important thing points that differentiate worldwide businesses from home business. These, moreover, are the components that make international enterprise much more advanced and a difficult activity.

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