Most companies ship merchandise under the shipping terms of FOB FACTORY

If the terms agreed on are FOB Origin or Destination Freight Prepaid – The seller

The term, FOB Shipping Point, indicates that the sale occurred at the .

Freight Terms. Freight Term. Ownership. Payment Term.

. of Free On Board (FOB) on Investopedia - A trade term requiring the seller to .

This use of "FOB" originated in the days of sailing ships. When the ICC first wrote

Aug 14, 2010 . Business - Who bears the freight when the terms are (a) FOB shipping point, (b)

FOB Origin Freight Terms. CONUS Vendors shipping to Overseas Stores or.

The contracting officer shall insert in solicitations and contracts the clause at

In this accounting tutorial, learn about FOB shipping terms: FOB shipping point (

One of the most commonly used-and misused-terms, FOB means that the shipper

Who pays the freight cost when the terms are FOB destination? FOB (Free On

Mar 17, 2010 . People ask me the meaning of the term F.O.B. more so than any other freight

The risk of loss if goods are damaged or lost in transit is with the Seller or the

Freight Terms - Free On Board (FOB). This list defines the .

The term FOB means “Freight on Board.” It is the place in which ownership of

1, Code, Primary Shipping Terms, Ownership Transfer, Files Claims for loss or .

The FOB term alone is often confused with the question of who pays the actual

This term replaces the former "FOB named inland port" to designate the seller's

There are two major terms of shipment widely used round the globe. These are

Free On Board - definition of Free On Board - FOB. A shipping term which

Feb 25, 2011 . FOB or F.O.B. - Definition: Shipping term used to indicate who is responsible for

Freight Terms establish ownership, and responsibility for transportation cost.

Lets talk about shipping terms and where the responsibility lies for a shipment.

FOB means Freight on BoardCFR (Cost and Freight) This term formerly known as

Freight Matrix. 1) Terms of Sale: F.O.B. ORIGIN, FREIGHT COLLECT. BUYER —

Used when any loading and discharging term for a vessel is the same for both .

(a) when the term is F.O.B. the place of shipment, the seller must at that place

The FOB term is meant to be used only for sea or inland waterway transport. If the

This term has been designed to meet the requirements of multimodal . Under "

Those terms most frequently used by Hughes are described below. FOB Origin

Mar 23, 2003 . The shipper can say "FOB our yard," which is a misuse of the term, but it would

If the sale is made with the terms FOB Shipping Point, the ownership of the goods

FOB See Free On Board. See also Terms of Sale, FOB. FOB Freight Allowed the

Apr 3, 2008 . Rarely, a UCSC buyer will use the shipping term FOB Origin or FOB Shipping

FOB. Cost, Insurance and Freight (CIF) vs. Free On Board (FOB) Terms. One of

Freight Definitions & Terms. F.O.B. Destination is the University standard, since it

Jul 22, 2011 . I found an interesting article in the latest edition of the ChaINA magazine (

Sep 6, 2006 . Domestically within the United States and Canada, the term is used in two

FOB Shipping Terms. Freight Terms. Customer Takes Title of Goods. Customer.

FOB - Free On Board (. named port of shipment) FOB is one of the most common

Freight Terms. As of December 2000. There are two components to freight terms:

Common trading terms used in shipping goods internationally include: Freight on

1 Importing from Chinese suppliers to the UK – Shipping Terms FOB, CIF and

FOB DEFINITION | SHIPPING TERMS OF SALE. FOB, Free On Board, is a

Apr 3, 2009 . The term stands for Free On Board, sometimes called. Freight on Board, which is

Once they have agreed on a commercial term like FOB, they can sell and buy at

Shipping term used to indicate who is responsible for paying transportation

Less often, a buyer will use the shipping term FOB Origin or FOB Shipping point.

Accountants report a merchandiser's and a manufacturer's revenues when a sale

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