FOB

Business / Accounting / FOB: An abbreviation of Free On Board. It generally forms part of an export contract where the seller pays all the costs and insurance of sending the goods to the port of shipment. After that, the buyer then takes full responsibility. If the goods are to travel by train, it's called FOR (Free On Rail).

Free On Board (FOB)

Business / Agriculture / Free On Board (FOB): Indicates that the seller assumes all responsibilities and costs up to the specific point or stage of delivery named including transportation, packing, insuring, etc. A wide variety of f.o.b. Terms is MORE

FOB (Free-On-Board) Shipping Point

Business / Accounting / FOB (Free-On-Board) Shipping Point: A business term meaning that the buyer of merchandise bears the shipping costs and acquires ownership at the point of shipment. MORE

FOB (Free-On-Board) Destination

Business / Accounting / FOB (Free-On-Board) Destination: A business term meaning that the seller of merchandise bears the shipping costs and maintains ownership until the merchandise is delivered to the buyer. MORE

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