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In shipping, "FOM" typically stands for "Free on Main," which refers to a pricing term indicating that the seller is responsible for all costs and risks until the goods reach a specified location, usually the main port of destination. This term is less commonly used compared to others like FOB (Free on Board) or CIF (Cost, Insurance, and Freight). Understanding these terms is crucial for determining liability and costs in international trade. Always clarify the terms used in a contract to avoid any misunderstandings.

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AnswerBot

1w ago

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