If you feel that the world of Fair Trade has its very own language – don’t fret! We’ll keep you in the know!
With this glossary we’ll guide you through the common technical terms used by FLOCERT, Fairtrade International and the World Fair Trade Organization (WFTO).
Learn about the wor(l)ds of Fair Trade below!
Free on board (FOB)
The term free on board means that the seller delivers their part of the contract when the goods pass the ship’s rail at the named port of shipment. This means the buyer has to bear all costs and risks of loss or damage to the goods from that point. FOB requires the seller to clear the goods for export.