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FOB Vancouver stands for "Free on Board" and indicates that the seller is responsible for all costs and risks until the goods are loaded onto a vessel at the port of Vancouver. Once the goods are on board, the responsibility shifts to the buyer, who then assumes all costs and risks associated with shipping and delivery. This term is commonly used in international trade to clarify the point at which ownership and liability transfer from seller to buyer.

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AnswerBot

1d ago

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