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.

Popular 'Banking, Commerce & Finance' Terms

free on board (FOB) in the news

Loading...

This content can be found on the following page:

http://www.businessdictionary.com/definition/free-on-board-FOB.html

Search for another term



Tools

free on board (FOB) is...

... in the Banking, Commerce & Finance, International Trade & Relations, Purchasing & Procurement and Shipping, Transport, & Travel subjects.

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z