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FOB Free on Board

Economy Term

which means that the seller fulfils 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 or damage to the goods from that point.

   
     
Related Economy Terms
                     
                     
 Advance monthly sales   CE-marked   Durable Goods  
 Affiliate   CFTC Commodity Futures Trading Commission   E-Commerce  
 Agents and Brokers   Civilian labor force   Employer Identification Number  
 ARPU   Constant Currency   Employment population ratio  
 Balance of payments   Consumer Price Index CPI   EU - European Union  
 Balance on current account   Corporate Integrity Agreement   Euro Zone  
 Balance on goods and services   Deflation   European Monetary Union  
 Bonded Warehouses Manufacturing   Direct investment   Executive Management  
 Brokers   Dividends   Exports of goods and services  
 Business sector   Drop Ship Retail   Factory Inventories  
               
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