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).
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
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