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Free On Board
"F.O.B" redirects here. For other uses, see
FOB. FOB, an abbreviation for either Free On Board or Freight on Board, is a term commonly used when shipping goods, to indicate who pays loading and transportation costs, and/or the point at which the responsibility and ownership of the goods transfers from shipper to buyer. The precise meaning of the term FOB varies.
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F.O.B.
(Free on board truck.) Seller owns goods until they are loaded on truck; selling price includes all costs so far plus cost of loading on truck/vessel/transportation to final warehouse.
F.O.B./F.A.S. ENDORSEMENT
If a merchant sells on F.O.B., F.A.S., C&F or similar terms,it is the buyer's responsibility to place the marine insurance.
Free on board (F.O.B. or f.o.b.)
Indicates that the seller assumes all responsibilities and costs up to the specific point or stage of delivery named including transportation, packing, insuring, etc. A wide variety of f.o.b. terms is used, such as f.o.b. factor Detroit, f.o.b. cars New York, f.o.b. ship Norfolk. "Free on board vessel," under most P.L. 480 grain contracts, means delivery at the discharge end of the loading spout.
F.O.B
Free on board.