2007-03-20 11:37:19 · 6 answers · asked by toosman 1 in Business & Finance ➔ Corporations
FOB means where the freight is calculated to in the price.
EG. If you buy something big in Edmonton and you live in Calgary. The invoice states FOB Edmonton....it is the sellers responsibility yo get to Edmonton and your responsibility from there.
2007-03-20 11:49:28 · answer #1 · answered by Brad M 2 · 0⤊ 1⤋
None of these answer are correct. One gave you a list of the INCOTERMS2000 but with no definitions.
FOB - Free On Board (named port of shipment) The seller clears the goods for export and is responsible for the costs and risks of delivering the goods past the ship's rail at the named port of shipment. In FOB the seller is responsible to provide the goods, export licenses (if required), customs formalities, and delivery of the goods on board the named vessel at the named port.
The seller has no obligation to the buyer to provide carriage (freight) of the goods or insurance.
Brad - please learn the definition of LOGISTICS.
2007-03-20 22:31:40 · answer #2 · answered by jim_elkins 5 · 1⤊ 0⤋
Commonly Used Shipping and Payment Terms
Shipping Terms
EXW (Ex Works)
FCA (Free Carrier)
FAS (Free Alongside Ship)
FOB (Free On Board)
CFR (Cost and Freight)
CIF (Cost, Insurance and Freight)
CPT (Carriage Paid To)
CIP (Carriage and Insurance Paid To)
DAF (Delivered At Frontier)
DDU (Delivered Duty Unpaid)
DDP (Delivered Duty paid)
DES (Delivered Ex Ship)
DEQ (Delivered Ex Quay, [Duty Paid])
Payment Terms
Cash in Advance
Letter of Credit (L/C)
Open Account
Consignment
Telegraphic Transfer (T/T)
2007-03-20 19:32:50 · answer #3 · answered by Rod Mac 5 · 1⤊ 0⤋
Free on Board
2007-03-20 18:40:10 · answer #4 · answered by cabridog 4 · 0⤊ 0⤋
Free on Board - it means the seller doesn't maintain a lien (ownership) of the goods in transit
2007-03-20 18:43:57 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Free on Board delivery, it includes the cost associated with shipping the 'module' to site.
2007-03-20 23:42:25 · answer #6 · answered by burton235 3 · 0⤊ 0⤋