What is FOB?

What does the FOB (Free on Board) incoterm mean?

It means Free on Board (FOB) and is the incoterm that Algrano uses to buy from growers and exporters in origin. The price FOB includes the coffee and the exporting fees. FOB excludes the shipping costs, financing, warehousing and delivery to a roastery. It also means that the responsibility for the coffee is with the grower or exporter until the coffee is on a ship. From thereafter the responsibility is transferred to Algrano.