Under the incoterms 2010 standard published by the International Chamber of Commerce (ICC), FOB is only used in sea freight and stands for "Free On Board", and always used in conjunction with a port of loading.
Bitumen Hormoz Pars uses this term of trade to deliver its products.
It's important to realize that because this is a legal term, its exact definition is much more complicated and differs by country. It is suggested that you contact
our Commercial Department before using any trade term.