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 ...
Aug 15, 2016 ... If the terms of sale show "FOB origin," then this means that the buyer will take title
for the goods when they are shipped and they will incur all the ...
"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 ...
Jul 23, 2013 ... Freight on Board (FOB) definition. Freight on Board, known internationally as
Free on Board, are the terms of a transaction within a contract.
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 ...
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