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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 ?
This new FOB will help in smooth flow & de-congestion of commuters crowd during peak hours at both Elphinstone Road and Parel stations.
Concurrent with the cable and wire mission, a 198th ESB Network Engineering team was creating a data stack for deployment to the FOB.
The brigade staff and brigade support battalion (both on FOB Salerno) fell into this category.
x x/x x x x Class Passive Personalization Settings Time/Data Logging (Entry/Go) In Fob (4) Basic - x x RKE (std.
The WR sent them a reminder to repair the Santacruz FOB on Friday.
Getting to FOB Leopard confronts the visitor with a classic third-world conundrum.
A different service guy drove my car around for me, but I noticed that there was only one key fob on my key ring.
Force protection at our platoon FOBs was no different than at larger FOBs.
Keeping a property safe is central to quality property management, and implementing controlled access cards or key fobs certainly heightens security.
Someone also made the assumption that the FOB needed portable latrines; after all, other FOBs had them.