Definition : Freight On Board
Category : Transport & Travel » Shipping
Country/Region : Worldwide Worldwide
Popularity :

What does FOB mean?

FOB is an initialism which pertains to the shipping of goods. Depending on specific usage, it may stand for Free On Board or Freight On Board. FOB specifies which party (buyer or seller) pays for which shipment and loading costs, and/or where responsibility for the goods is transferred.

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