Free On Board Definition

Free On Board

Definition

FOB. A shipping term which indicates that the supplier pays the shipping costs (and usually also the insurance costs) from the point of manufacture to a specified destination, at which point the buyer takes responsibility.

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Related Terms on BusinessDictionary

freight collect
INCOTERMS
liner in, free out (LIFO)
buyer's right to routing
charges collect
charges forward

collect freight
collect shipment
delivery order
export contingency insurance
freight at destination
free

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Nearby Terms

free delivery
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Free On Board
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