FOB "Free On Board" or "Freight On Board" is a term in international commercial
law specifying ... FOB terms do not define transfer of ownership of the goods.
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 ...
Jun 8, 2012 ... In my role at Transportation Insight, clients and prospects are constantly asking
me the meaning of the acronym FOB. In fact, I recently visited a ...
"FOB shipping point" (or origin) means that the buyer is at risk while the goods
are shipped, and "FOB destination" states that the seller retains the risk of loss ...
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 ...
Definition: FOB destination is a contraction of the term "Free on Board Destination
." The term means that the buyer takes delivery of goods being shipped to it by ...
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
Accountants report a merchandiser's and a manufacturer's revenues when a sale
is made. The term, FOB Shipping Point, indicates that the sale occurred at the ...
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 ...
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 ...