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Free on board
(redirected from Freight On Board)

   Also found in: Legal, Acronyms, Wikipedia 0.09 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.


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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.
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
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.
 
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