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.
Already loaded in the vessel/vehicle and ready for shipment; or received in the loaded condition. F.O.B. requires either "shipping point" or "delivered" to complete its meaning when used as a pricing consideration, as this determines who shall pay freight charges.
The price including cost of loading the goods for transportation at a specified place.