Free On Board. A shipping term which indicates that the supplier pays the shipping...
Freight on board. Point at which responsibility for freight transfers from consignor to consignee; may be shipper's dock, receiver's dock or alternate specified address as agreed upon.
Clause in international trade whereby the buyer undertakes to pay all the costs incurred when the goods are placed at the port of embarkation.
A transaction in which the seller provides product or crude oil at an agreed unit price, at a specified loading port within a specified period; it is the responsibility of the buyer to arrange for transportation and insurance and lift the material within the specified laytime.
Abbreviation for ree oard (... named port of shipment). Pricing term used in raw materials business (excluding freight costs).
Specific delivery point to which vendor assumes shipping and handling expense and passes title of the goods as quoted in agreed purchase price. Examples: F.O.B. Destination; F.O.B. Shipping Point, F.O.B. Shipping Point, Freight Prepaid and Allowed.
The exporter agrees to place goods on board a vessel at the port of shipment specified in the sales contract. At this point, the risk of damage is transferred to the buyer at precisely the moment the goods pass over the ship's rail.
Free on Board. An arrangement in which the seller provides a product at an agreed upon unit price. This arrangement will occur at a specified loading port within a specified period, with the buyer having responsibility to arrange for transportation and insurance.
Free on Board: Cost of a product before transportation costs are figured in. Other countries tend to use the term Ex Works.
Free On Board. A trade term requiring the seller to deliver goods via a method of transportation designated by the buyer. The seller fulfills its obligations to deliver when the goods have passed through the seller's ownership and prepared for delivery to the buyer.
"Free on board" at named port of export. A pricing term indicating that the quoted price covers all expenses up to and including delivery of goods upon an overseas vessel provided by or for the buyer.
Refers to Free on Board.
Indicates that charges include loading onto the carrying vehicle but cover no actual further transportation.
Free On Board, used in timber pricing
Film On Board
FREE ON BOARD. Commercial term in which the seller's obligations are fulfilled when the goods reach a point specified in the contract.
Free on Board. Seller fulfils their obligation to deliver when the goods have passed over the ships rail at the named port of shipment. FOB requires seller to clear goods for export.
Means free on board and a location usually follows this term. Charges beyond the termination point are the buyer's responsibility.
Free on Board. The goods are placed on board the vessel by the seller at the port of shipment specified in the sales contract. The risk of loss or damage is transferred to the buyer when the goods pass the ship's rail.
free on board. unit of measurement
Free On Board PBG Prime Bank Guarantee
(...Named Port of Shipment): An International Term of Sale that means the seller fulfills his or her obligation to deliver when the goods have passed over the ship's rail at the named port of shipment. This means that the buyer has to bear all costs and risks to loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export.
Freight On Board; place where the buyer becomes responsible for the shipment and the shipping charges
Freight on Board (Vessel, Truck, Pier) — If cargo is purchased.
(Free On Board) â€“ Free On Board at a named port of export. The seller quotes the buyer a price that covers all costs up to and including delivery of goods aboard a vessel at a port. FOB is also a method of export valuation.
Free on Board. Means freight and insurance costs are borne by the charterer. Also, it is applied in balance of payments accounts to mean valuation of goods at point of embarkation, thus making imports more directly comparable with exports.
See Free On Board. (G)
Under International Rules for the Interpretation of Trade Terms, FOB means free on board, and in the context of the Farm it was used to refer to the net sales price after deducting selling costs of commission, insurance and freight.
( L.A.B. en español) Free on Board or Freight on Board It means that freight costs are included.
Freight on board. This term denotes the point at which a transaction, such as the sale of separated e-scrap, occurs. For example, "FOB supplier's dock" means that the buyer agrees to pick up the load at the supplier's site. In comparison, "FOB pier" means the supplier must ship the load to the export dock.
An abbreviation of Free On Board. It generally forms part of an export contract where the seller pays all the costs and insurance of sending the goods to the port of shipment. After that, the buyer then takes full responsibility. If the goods are to travel by train, it's called FOR (Free On Rail).
This term identifies the location where title to merchandise changes from seller to buyer.
Free on Board: Usually indicates place where responsibility for expenses and risk for goods is passed from seller to buyer.
Incoterm - Free alongside ship.
The price of a traded good excluding transport cost. It stands for "free on board," but is used only as these initials (usually lower case: f.o.b.). It means the price after loading onto a ship but before shipping, thus not including transportation, insurance, and other costs needed to get a good from one country to another. Contrasts with CIF and FAS.
Contractual terms between a buyer and a seller, which determines where title transfer takes place.
Free On Board. Free on Board; The seller fulfills his obligation to deliver when the goods have passed over the ship's rail at the named port of shipment
Free on board â€“ the quoted price for the goods delivered to the ship for shipment. (See also 'FAS').
Free on Board. Incoterms 2000) An international trade term of sale in which, for the quoted price, the seller/exporter/manufacturer clears the goods for export and is responsible for the costs and risks of delivering the goods past the ship's rail at the named port of shipment.
A freight term meaning "Free On Board". A job is FOB if it is completed and on pallets (boards) at the printer's location. In other words, no freight is in the price. [Back
Free on board ( named port of shipment) means that the seller fulfills his obligation to deliver when the goods have passed over the ship's rail at the named port of the shipment. The buyer bears all costs and the risk of loss or damage to goods from that point.
Used to designate the delivery point of an item being purchased. "FOB seller's warehouse" means that the buyer is responsible for all shipping cost and risk after the item leaves the seller's warehouse.
Free on board (location), a symbol indicating that the invoice cost to the purchaser includes the cost of delivery, at an agreed point, beyond which all transportation and delivery costs and risks must be borne by the purchaser.
Free on Board. See FOB destination and FOB shipping point. To Top
Free on board. The value of a product when it is loaded onto a vessel ready to be exported.
Free on Board. Shipping term used to indicate that a price quoted includes loading on a railroad car, truck, aircraft or ship at a designated point, but no further transportation costs are included. Also, does not usually include insurance.
"Free on board" means that the seller delivers when the goods are loaded. This means that the buyer has to bear all costs and risks of "loss of" or "damage" to the goods from that point..
Freight-on-board, i.e., the price with shipping charges not included.
free on board. Transportation term indicating that the invoice price includes delivery at the seller's risk and expense to a specified destination and no further.
FREE ON BOARD. Loaded aboard carrier's vehicle at point where responsibility for risk/expense passes from seller to buyer.
Free on board. Implies that distributive services like transport and handling performed on goods up to the customs frontier of the economy from which the goods are classed as merchandise.
Free On Board (... named port of shipment). "FOB" means the exporter is responsible for all costs up to the point where the goods actually cross the ship's rail. This term should only be used for non-containerised sea transport. For airfreight and containerised seafreight see "FCA".
free on board - used to denote where pipe is to be provided to the buyer
Free on board. The seller agrees to place the product safely on board the carrier designated by the purchaser. Generally describes the time title is transferred.
Freight on Board, term used to define payment of freight charges. â€¢ F.O.B. Delivered or Destination, shipper pays freight. â€¢ F.O.B. Shipping Point or origin, receiver of goods pays freight. â€¢ Arden Sales generally uses term to indicate customer pays freight â€œFOB factoryâ€ and Arden Purchasing generally uses term to indicate Arden pays freight from vendorâ€(tm)s factory, or port.
(Free on Board) - See "Cargo Terms of Sale" Appendix G.
Free On Board. The seller of the goods is responsible for bringing the cargo to the rail of the ship, at which point the buyer becomes responsible for all risks and costs including freight.
Free On Board (Price of products including freight cost up to the port of origin.)
Abbreviation for " free on board (Named port of shipment)."
Free On Board. A pricing term indication that the quoted price includes the cost of loading the goods into transport vessels at the specified place.
See Free On Board. See also Terms of Sale, FOB.
Free On Board. Often used when delivering printed materials, in the context of "Free On Board origin," which means the addressee pays the shipping costs, or "Free On Board destination," which means the shipper pays the shipping costs.
See Free On Board (...named port of shipment).
Freight On Board. When something is purchased and paid for with terms 'FOB origin' it means the responsibility of the seller stops when the 'goods' are delivered to the transporting company at the point of origin. It is the responsibility of the buyer to pay for transportation.
Free on Board. Indicates that all delivery, inspection and elevation or loading costs involved in putting commodities on board a carrier have been paid.
Abbreviation for "Free On Board." See also Free On Board and Terms of Sale, FOB.
Free On Board A business term which means that shipping is the responsibility of the buyer. The seller will place the goods on his dock; the buyer must arrange for a pickup.
Free on Board. The term has special significance in Marine Insurance, where it is vital to determine when title passes from the seller to the buyer. If the materials are shipped FOB point of destination, the seller is liable for damage caused during the course of transportation.
Free On Board. A common term regarding the liability on delivery of goods. When goods have been passed over the ship's rail at the named port of shipment, it should be the buyers instead of the sellers to bear all costs, risks of loss of or damage to the goods afterwards. The sellers are required to clear the goods for export under the FOB terms. This term can only be used for sea or inland waterway transport when the ship's rail serves no practical purpose.
Literally "free on board." Under FOB Destination or FOB Santa Cruz, title changes hands from vendor to purchaser at the destination of the shipment; vendor owns goods in transit and files any claims. Payment of freight charges is determined by contract terms. Under FOB Origin, title changes hands from vendor to purchaser at the origin of the shipment; purchaser owns goods in transit and files any claims. Payment of freight charges is determined by contract terms. See also Free On Board Overview
Free on Board. Used in the freight market to indicate that the price includes delivery to the port and the loading into a vessel.
free on board (i.e. purchaser responsible for shipping freight and insurance)
Free on board â€“ the point (factory, ship) in the delivery of merchandise from which the purchaser bears freight costs.
Abbreviation for free-on-board, used in commerce to describe the value of goods at point of embarkation, excluding transport and insurance costs. Export values are usually expressed f.o.b. for customs and excise purposes, while imports are usually valued cost insurance and freight or charged in full.
Incoterm for "Free on Board".â†’ Incoterms
Free on Board. The point at which the title of the goods passes from the shipper to the consignee.
Free on Board -- without charge to the buyer for goods placed on board a carrier at the point of shipment. For example, "FOB, Portland" means the goods are loaded at Portland and buyer pays the shipping charges from Portland.
Free On Board (...named port of shipment) means that the seller fulfills their obligation to deliver when the goods have passed over the ship's rail at the named port of shipment. SEE Incoterms for a list of the thirteen Incoterms.
Free on board. The importer arranges and pays for freight and insurance and is therefore invoiced for neither.
A term used in the freight market which stands for free on board. The price includes delivery to the port and the loading into a vessel.
A term of sale that defines who is to incur transportation charges for the shipment, who is to control the movement of the shipment, or where title to the goods passes to the buyer; originally meant "free on board" ship.
Free On Board - the expression comes from the fact that goods sold "F.O.B. a certain location" will be loaded on board a freight train, ship or truck at that point at the expense of the seller. From that point, the buyer must pay all freight and deliver charges.
Free on Board. A transaction in which the seller provides a commodity at an agreed unit price, at a specified loading point within a specified period; it is the responsibility of the buyer to arrange for transportation and insurance.
Freight on Board means it is shipped under a rate that includes costs of delivery to and the loading onto a carrier at a specified point.
This is an INCO term and explains what the price quoted represents and the responsibility of the buyer and seller in relation to arranging for the various costs associated (e.g. insurance, freight, duties) with the shipment.
Free on board, at a designated point; a term of sale meaning that the buyer must take possession at the point and arrange for transportation beyond that point.
Free-On-Board Destination. The seller of merchandise bears the shipping costs and maintains ownership until the merchandise is delivered to the buyer.
Delivery terms for goods that are shipped under a rate that includes the cost of loading and delivery to and from specified points.