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 Organisation (WFTO).
Learn about the wor(l)ds of Fair Trade below!
Free on board (FOB)
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 must bear all costs and risks of loss or damage to the goods from that point.
Free on board (FOB) requires the seller to clear the goods for export.