free on board

free on board
free on board adv or adj: without charge for delivery to and placing on board a carrier at a specified point

Merriam-Webster’s Dictionary of Law. . 1996.

free on board
adj.
Describes a contractual agreement by a seller to deliver goods to a specified place without expense to the buyer, in which the seller assumes all delivery expenses and risks; such a contract is called an f.o.b. contract.
abbrv.
FOB

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


free on board
(FOB)
A reference to the place where purchased goods will be shipped without transportation charge. Free on board at the place of manufacture shows there is a charge for delivery. Example: if an automaker in Detroit sells a car "FOB Detroit," then there will be a shipping charge if delivery is taken anywhere else.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

free on board
   (FOB)
adj.
   referring to purchased goods shipped without transportation charge to a specific place. Free on board at the place of manufacture shows there is a charge for delivery. Example: if an automaker in Detroit sells a car "FOB Detroit," then there will be a shipping charge if delivery is taken anywhere else. If the contract reads "FOB New Orleans," then the auto will be shipped to that city without charge, but with charge for delivery from New Orleans to somewhere else.
   See also: FOB

Law dictionary. . 2013.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Free On Board — Saltar a navegación, búsqueda Las siglas FOB (acrónimo del término en inglés Free On Board, «franco a bordo, puerto de carga convenido») se refieren a un incoterm, o claúsula de comercio internacional, que se utiliza para operaciones de… …   Wikipedia Español

  • free on board — 〈[ fri: ɔn bɔ:rd] Abk.: fob〉 Handelsklausel, nach der der Verkäufer Kosten u. Risiko des Transportes der Ware bis aufs Schiff übernimmt [engl., „frei an Bord (des Schiffes)“] * * * free on board   [ friː ɔn bɔːd, englisch], Abkürzung FOB, eine… …   Universal-Lexikon

  • free on board — n. delivered (by the seller) aboard the train, ship, etc. at the point of shipment, without charge to the buyer * * * …   Universalium

  • free on board — 〈 [fri: ɔ̣n bɔ:d] Abk.: fob, f. o. b.〉 Handelsklausel, nach der der Verkäufer Kosten u. Risiko des Transports der Ware bis aufs Schiff übernimmt [Etym.: engl., »frei an Bord«] …   Lexikalische Deutsches Wörterbuch

  • free on board — [ bɔ:d] <engl. > frei an Bord (Klausel, die besagt, dass der Verkäufer die Ware auf dem Schiff zu übergeben u. bis dahin alle Kosten u. Risiken zu tragen hat); Abk.: fob, f. o. b …   Das große Fremdwörterbuch

  • free on board — free′ on board′ adv. bus See fob • Etymology: 1920–25 …   From formal English to slang

  • free on board — n. delivered (by the seller) aboard the train, ship, etc. at the point of shipment, without charge to the buyer …   English World dictionary

  • Free on board — Implies that distributive services like transport and handling performed on goods up to the customs frontier of the economy from which the goods are classed as merchandise. The New York Times Financial Glossary * * * free on board free on board ➔ …   Financial and business terms

  • Free on Board — ( FOB) Implies that distribution services like transport and handling performed on goods up to the customs frontier (of the economy from which the goods are classed as merchandise.) are included in the price. Bloomberg Financial Dictionary * * *… …   Financial and business terms

  • free on board — adverb (or adjective) : without charge for delivery to and placing on board a carrier at a specified point abbr. f.o.b. * * * free on board Delivered on a vessel or other conveyance at no charge at all (abbrev fob) • • • Main Entry: ↑free * * *… …   Useful english dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”