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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.

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.



References in periodicals archive ?
He further said that since October, 2017, 20 FOBs have been constructed over the entire Mumbai suburban section.
Depending on the state of the fiber network at the FOB, the cable and wire team must be on site anywhere from two weeks to two months.
Bids for September loading, Supramax cargoes of 3,800 kcal/kg GAR coal were below $30/mt FOB level, the second Indonesia-based trader said.
Essentially there were two--the battalion commander, who was the FOB commander; and the brigade commander, who also resided on the FOB.
When FOB launched their new single last February, tickets to their promo shows and tour since 2009 were sold out in record time.
Originally key fobs were designed for only one purpose: to unlock the door and start the engine with the metal key.
00 unch Palm kernelexpeller 22% Palm kernelexpeller 22% Indo/Philippines, FOB Weser Indo/Philippines, FOB Hamburg Afl.
We maintain our own FOBs and if we don t receive deposits from the BMC, we will be forced to shut all FOBs on safety grounds, said WR chief PRO, S.
We then went back the way we came, past the turnoff to FOB Lynx and on to the east.
The salesmen thought for a minute, then agreed that he would give me another key fob and some floor mats, free of charge.