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free on board
(redirected from F.o.b.)

    Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.07 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.


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