FOB (Free On Board) is a term in international commercial law specifying at what
point the ... Indicating "FOB port" means that the seller pays for transportation of
the goods to the port ...
The initials FOB stand for either "free on board" or "freight on board." Either way, it
has the same definition. When using the term in business, buyers and sellers ...
Nov 2, 2009 ... Many people have seen the acronym F.O.B. in shipping documents and ... in the
shipping industry often are confused as to its true meaning.
legal-dictionary.thefreedictionary.com/Freight On Board
Definition of Freight On Board in the Legal Dictionary - by Free online English
dictionary and encyclopedia. What is Freight On Board? Meaning of Freight On ...
FOB DEFINITION | SHIPPING TERMS OF SALE. FOB, Free On Board, is a
transportation term that indicates that the price for goods includes delivery at the
Definition of free on board (FOB): Term of sale under which the price invoiced or
quoted by a seller includes all charges up to placing the goods on board a ship ...
A trade term requiring the seller to deliver goods on board a vessel designated
by the buyer. The seller fulfills its obligations to deliver when the goods have ...
The term, FOB Shipping Point, indicates that the sale occurred at the shipping
point—at the seller's shipping dock. FOB Destination indicates that the sale will ...
With terms of FOB shipping point the title to the goods usually passes to the buyer
at the shipping point. This means that goods in transit should be reported as a ...
May 25, 2015 ... FOB shipping point indicates that the title of goods is transferred from the ... Cost,
Insurance and Freight, or CIF, is a trade term that means the ...