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Free On Board
(redirected from Freight On Board)

    Also found in: Legal, Acronyms, Wikipedia 0.03 sec.
Free on board (FOB)
Implies that distribution services like transport and handling performed on goods up to the customs frontier (of the economy from which the goods are classed as merchandise.) are included in the price.
free on board (FOB)
Used in commodities contracts to indicate the geographical point to which delivery is included in the price. After this point, the buyer is responsible for all risks and delivery costs. The FOB point is only important to someone who sells or buys a futures contract with the intention of making or taking delivery of the specific commodity.
Free On Board
In maritime international commerce, an agreement between a seller and a buyer indicating that the seller has fulfilled his/her obligation to deliver a good when he/she has transferred it to the ship on which it will be transported. All cost and risk transfers to the buyer when the good crosses the ship's rail. The buyer designates the ship onto which the seller must deliver the good. See also: United Nations Convention on Contracts for the International Sale of Goods, Incoterm.


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Despite potentially enhanced profits, a large portion of America's exportable raw materials are sold at mine site, or Freight on Board (FOB) rail and less often FOB port of loading.
Infrastructure antiquated by Kravitz, L. / Chief Executive (U.S.)
00 None Price Protection Annual increase Firm for 2 years; year 3 capped at 3% Vendor B Freight Terms FOB Destination, Prepay and Absorbed by Seller Payment Terms Net 45 days/2% 10 days Minimum Order None Price Protection Firm for 3 years * Freight on board
Cost-effective purchasing: advice from a GPO by Starr, Mary / Nursing Homes
In a press release filed on May 17, 2005, the Company announced its preliminary results for the period ended March 31, 2005 and explained it delayed filing the Form 10-Q for the first quarter of 2005 until it completed an analysis of certain revenue recognition matters relating to freight on board (FOB), right of return and service contracts.
RAE Systems Receives Non-Compliance Notification from the American ... by Business Wire
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