text: what does f.o.b,mumbaiport, in international trade  mean?   fob means free on board.that is the exporter is responsible for all the expenses up to loading the goods in the ship in mumbai port and getting the bil of lading.further expenses like insurance  ocean freight etc is on buyers account.  there are other terms also for your information's and is useful c&f means the price includes cost and freight that is fob plus freight.cif means cost freight and insurance