// definition
FOB
Free on board: LNG delivery at the export terminal
Short definition
In the LNG contracts described by Cheniere, delivery means the buyer takes the cargo at the seller's export terminal. Onward shipping falls within the buyer's commercial arrangements. Pricing, cancellation obligations and destination flexibility must be assessed from the contract's individual terms.
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Primary sources
- Cheniere Energy, 2025 Form 10-KDefinitions, FOB; Note 12, Revenues: delivery at the export terminal, pricing formulas and fixed fees. Company disclosures about its own LNG contracts.