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- Free On Board In international trade, FOB is a facility for distributing the cost and perils component between the importer and exporter in the context of Incoterms With FOB, the transfer of costs and perils between the exporter and the importer takes place when the merchandise is loaded aboard the ship in the port of embarkation In. a vest pocket to hold a pocket watch. an adornment that hangs from a watch chain. short chain or ribbon attaching a pocket watch to a man's vest. deceive somebody; 'We tricked the teacher into thinking that class would be cancelled next week'.
- This is the abbreviation for Free on Board, an internationally recognized shipping term It is used when a purchaser wants a quotation that includes the cost of goods plus the cost, including loading charges, of putting them on a vessel or airplane Under these conditions, you as exporter are also responsible for taking the goods through Customs. free on board; a condition of sales where the price of goods includes all charges until the goods are placed aboard the shipping vehicle.
- A fob is an ornament attached to the chain of a pocket watch Many fobs were produced for political candidates, indicating a voter's preference.
- Free On Board.
- A short chain with a decorative seal or other device attached to the end The fob and chain hung outside watch pocket, and could be used to pull the watch out of the pocket.
- 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.
- Free-On-Board Destination The seller of merchandise bears the shipping costs and maintains ownership until the merchandise is delivered to the buyer.
- Free On Board The FOB point is important because of both the responsibility for the shipment and the freight charges 'FOB delivered' keeps the vendor responsible for the shipment until it reaches your door 'FOB shipping point' or 'FOB originating city' makes you responsible for the shipment If there is a problem with an FOB originating city shipment, you still have to pay the vendor and file a claim with the carrier. '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.
- Contractual terms between a buyer and a seller which define where title transfer takes place Cost of a product before transportation costs are figured in Used for ocean or inland water transportation Ends the seller's obligation when goods, cleared for export, are placed on board a ship by seller at a port named in the sales contract Risk of loss or damage is transferred from seller to buyer when goods pass the ship's rail.
- 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. a short chain with a decorative seal or other device attached to the end The fob and chain hung outside watch pocket, and could be used to pull the watch out of the pocket.
- An INCOTERM describing a term of sale that details the responsibilities of the buyer and seller for the international trade transaction Under this term, the seller fulfills his 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 of loss of or damage to the goods from that point The seller must clear the goods for export. 'Free on board ' International trade term in which exporter's quoted price includes the cost of loading goods into transport vessels at a named point.
- Front Of Board An audience tape in which the microphones were positioned somewhere between the stage and the soundboard Because the microphones are closer to the stage and house sound system, FOB tapes can often sound better than tapes made from the Official Tapers Section See also BTP. the abbreviation for free on board; the designated point at which ownership of goods passes to the buyer; FOB shipping point means that the buyer pays the shipping costs and accepts ownership of the goods at the seller's place of business; FOB destination means that the seller pays the shipping costs and the ownership of the goods transfers to the buyer at the buyer's place of business.
- The point at which ownership of goods transfers from the supplier to the company, organization, university, etc charges, where does the title to the goods transfer, who is responsible for goods while in transit?).
- Free on board , 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' at named port of export A pricing term that shows that the quoted price covers all expenses including delivery of goods on a ship provided by or for the buyer. 'Freight On Board' This refers to the location of the merchandise being represented and shipped from This can be some indication that the merchandise is being 'Brokered', obviously if the company you are dealing with is located in Texas and lists merchandise FOB Florida you can almost assume your broker has never seen the merchandise offered Be careful as this is not the case in all situations A company may have multiple warehouse locations This is a grey area and very hard to determine You will notice many companies stating, 'We have many FOB or warehouse points all over the US' This should not be construed as company owned facilities.
- A pricing term indicating that the quoted price includes the cost of loading the goods into transport vessels at the specified place.
- Free On Board '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 sea transport.
- To cheat; to trick; to impose on. short chain or ribbon attaching a pocket watch to a man's vest an adornment that hangs from a watch chain a vest pocket to hold a pocket watch.
- To beat; to maul.
- A little pocket for a watch.