EXPLAIN answer
What does FOB price mean for a used excavator?
FOB means Free On Board. The seller delivers the machine on board the vessel at the named loading port, and the buyer pays ocean freight, insurance and import costs from that point.
For a used excavator, an FOB price covers the machine, the loading onto the vessel at the named port, and the export documents. It does not cover ocean freight, marine insurance, duty, VAT, destination port charges or inland delivery.
That is why the loading port is named in every quotation we issue. An FOB figure without a port cannot be compared with another FOB figure, because loading costs and sailing options differ by port.
When you compare two offers, compare the port, the machine, the attachments included and the documents. The lowest number without those four details is not the cheapest offer.
At a glance
| Term | What does FOB price mean for a used excavator |
|---|---|
| Covers | Machine, loading, export documents as stated |
| Excludes | Duty, VAT, port charges, inland delivery |
When this answer does not apply
Definitions are commercial terms, not advice on your import. Your broker and your contract decide how the terms apply to your shipment.
How the price is built
The machine price is quoted FOB the Chinese loading port and confirmed in writing. Ocean freight and marine insurance are quoted separately for your port, and duty, VAT and port charges are confirmed by your clearing agent. That is why no single landed figure is published here.
Related answers
- Who exports used Caterpillar 320GC excavators to Kenya?
- How much does a used Caterpillar 320GC cost delivered to Mombasa?
- Which is better: Caterpillar 320D or 320GC?
Where to go next
- Shipping to Kenya via Mombasa
- Current used excavator file
- How inspection works before payment
- Shipping solutions: flat rack, RoRo, container
What to send for a firm answer
- The model, or the tonnage class if you have not chosen a model.
- The destination port, so the CIF figure is for the port you will actually clear at.
- Whether an inspection or a third-party report is required before the balance.
- Any certificate the destination asks for, such as SONCAP, PVoC or SABER.
Common questions
Is insurance included in FOB?
No. Marine insurance is quoted separately, or included in a CIF figure if you ask for one.
Why not just quote the landed price?
Because duty, VAT and port charges depend on the HS code and your clearing agent. We quote what we control: the machine FOB and the freight to your port.
Can I get a CIF price instead?
Yes. Give us the destination port and we confirm the CIF figure in writing within 24 hours.
Answered by Anhui Gangya Construction Machinery Co., Ltd., Hefei, Anhui, China. Price basis FOB China; CIF quoted per port. Duty and VAT depend on your broker.