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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 ?
Discussions about key fobs are currently underway in the Automotive News and Views (http://townhall-talk.
As with Citibank's traditional debit card, MasterCard's Zero Liability policy offers protection against unauthorized purchases, so the Citibank Debit MasterCard PayPass key fob is not only fast, but also it's safe to use.
Sunkist's seasonal specialties also saw both higher sales and FOBs.
during this step for FOBs with significantly large inventories and to supply support activity operations.
Consumers are already embracing contactless payments with statistics showing that fobs have quickly become one of the top options for shoppers.
Finding the right size generators for the FOBs was another difficult task.
Access cards, key fobs and fingerprint scanning sound like items from the latest spy novel.
Located in an austere environment, Butler Range lacked almost all of the conveniences that other FOBs enjoyed.
The benefit of the key fobs and "contactless'' credit cards is they can be waved over a scanner for easy debiting or crediting, usually in under 13 seconds.