free on board (FOB)
Definition
Term of sale under which the price invoiced or quoted by a seller includes all charges up to placing the goods on board a ship at the port of departure specified by the buyer. Also called collect freight, freight collect, or freight forward.
free on board (FOB) is in the Banking, Commerce & Finance, International Trade & Relations, Purchasing & Procurement and Shipping, Transport, & Travel subjects.
free on board (FOB) appears in the definitions of the following terms:
export contingency insurance,
freight collect,
delivery order,
freight at destination,
collect freight,
INCOTERMS,
passage of risk,
anti-dumping duty,
free,
collect shipment
and
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