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What does the term FOB refer to?
It means Free on Board (FOB) and is the incoterm that Algrano uses to buy from producers and exporters at origin. The FOB price includes the price of coffee and the exporting fees.
The FOB price includes the price of the coffee and any exporting and service fees. FOB doesn't include shipping, financing, warehousing, or delivery to your roastery.
It also means that the responsibility for the coffee is with the producer or exporter until the coffee is on a ship. From thereafter the responsibility is transferred to Algrano.