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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
It is also interesting to note that only Model S is affected by the key fob, maybe because it is the only Tesla vehicle key that utilizes unique Pektron manufactured technology.
FOB West destroyed seven water pumping machines and 15 make-shift structures.
The PDT procedures were monitored using FOB, but the physician who performed the procedure was not informed and was not given any instructions.
The cable and wire mission consisted of a second critical objective: properly connecting all FOB locations in a logical and commercially modeled manner.
An Indonesia-based producer said he would not sell 4,200 kcal/kg GAR below $37-37.50/mt FOB geared vessel.
The owners were the battalion staff and the brigade Headquarters and Headquarters Company, which fell under our battalion and served as the base operations node on the FOB. The brigade staff and brigade support battalion (both on FOB Salerno) fell into this category.
They chorused, "FOB has been experimenting with their music over their last few albums.
Azerbaijani oil transported through the Baku-Tbilisi-Ceyhan (BTC) pipeline is sold under BTC FOB Ceyhan brand.
A source said: "No doubt the prisoner who ordered it thought a key fob would be easier to hide and perhaps would be ignored.
Several people who had parked their cars in Cambridge Street on Saturday afternoon discovered they were unable to lock or unlock their cars using their electronic key fobs.
Physical Interface (3) (Button, Touch, etc.) Class Immobilizer Battlery/ Remote Remote Accessories (1) Recharge (2) Start Entry Basic x - - - - RKE (std.) x x/ x - - RKE (ext.) x x/x x - x PE (std.) x x/x x x x PE (ext.) x x/x x x x Class Passive Personalization Settings Time/Data Logging (Entry/Go) In Fob (4) Basic - x x RKE (std.) - x RKE (ext.) - x x PE (std.) x/x x PE (ext.) x/x x x (1) Immobilizer support includes secure fob and vehicle authentication via the LF Field using an integrated LF transponder.