I noticed the expression while shopping on ebay.
2006-06-22 15:59:53 · 7 answers · asked by BatGirl217 2 in Education & Reference ➔ Words & Wordplay
"Free on Board"
It means when does the risk of loss pass from seller to buyer.
"FOB Factory" on a purshase order means once the item leaves the factory, the buyer bears the risk of loss.
2006-06-22 16:08:06 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Free On Board (FOB) is an Incoterm.
It means that the seller pays for transportation of the goods to the port of shipment, plus loading costs.
The buyer pays freight, insurance, unloading costs and transportation from the port of destination to his factory.
The passing of risks occurs when the goods pass the ship's rail at the port of shipment. Internationally the term specifies the port of origin, e.g. "FOB New York" or "FOB Vancouver".
2006-06-22 23:04:06 · answer #2 · answered by wcgems 3 · 0⤊ 0⤋
"Freight on Board" - it has something to do with some kind of tax you have to pay for the goods you're buying
2006-06-23 13:06:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
fresh off the boat
2006-06-22 23:03:42 · answer #4 · answered by cute_chika 2 · 0⤊ 0⤋
it means "fresh of the boat"
2006-06-22 23:03:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
What was the context?
2006-06-22 23:03:16 · answer #6 · answered by Anonymous · 0⤊ 0⤋
fall out boy...lol thats wat they call themselves i dunno
2006-06-22 23:11:06 · answer #7 · answered by Maria 5 · 0⤊ 0⤋