Free on board (FOB)

Free on board (FOB)

Cost of a product before transportation costs are figured in.

This is auto-generated content. You can help to improve it.

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Transportation
Category: Boats & ships
Company:
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

free on board (FOB)

Banking; Investment banking

Contract clause common in international trade. Denotes that the transport, insurance and loading costs incurred until the merchandise is loaded on board the ship are included in ...

free on board (FOB)

Financial services; Commodity exchange

Indicates that all delivery, inspection and elevation or loading costs involved in putting commodities on board a carrier have been paid.

free on board (FOB)

Transportation; Boats & ships

Cost of a product before transportation costs are figured in.

free on board (FOB) pricing

Metals; Steel

Phrase that explains whether the transportation costs of the steel are included. “FOB Mill” is the price of steel at the mill, not including shipping.

free on board (FOB)

Energy; Energy trade

FOB prices exclude all insurance and freight charges. Most oil is sold either FOB (effectively priced at the loading port) or CIF (effectively priced at the delivery port).

range

Transportation; Boats &ships

Distance a boat can travel at cruising speed on a tank of fuel. Also, the distance to an object. Lastly, in intracoastal navigation, a set of two markers that, when lined up one ...

variation

Transportation; Boats &ships

Compass variable that accounts for the difference in degrees between true north and magnetic north.

Terms in the News

Featured Terms

Harry8L

0
Terms
0
Blossaries
1
Followers

Industry/Domain: Snack foods Category: Noodles

Instant noodles

Are dried or precooked noodles fused with oil and often sold with a packet of flavoring. Dried noodles are usually eaten after being cooked or soaked ...