What Does F.O.B. MEAN?

Muha, George
July 2008
Supply House Times;Jul2008, Vol. 51 Issue 5, p60
Trade Publication
The article offers information on the definition of the acronym "F.O.B." According to the author, F.O.B. stands for Free On Board, which indicates the price for goods, including delivery at the seller's expense to a specified point. The term is used to determine the responsibility for the payment of the freight charges and the title for the shipment that passes from the seller to the buyer. Several F.O.B terms along with their explanation are also presented.


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