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Free on board (F.O.B. or f.o.b.):

Indicates that the seller assumes all responsibilities and costs up to the specific point or stage of delivery named including transportation, packing, insuring, etc. A wide variety of f.o.b. terms is used, such as f.o.b. factor Detroit, f.o.b. cars New York, f.o.b. ship Norfolk. "Free on board vessel," under most P.L. 480 grain contracts, means delivery at the discharge end of the loading spout.

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Information and definitions of the terms been taken from various reliable government publications and we have done our best to verify their accuracy. If you feel any of the definitions are incorrect or needs to be updated please contact us and we will look into it.



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