- Legal resources in plain English Home > Legal Definitions

Free On Board (FOB)

(adj) Free On Board is the phrase used to represent the pricing, cost structure, transfer of property right of a goods or merchandise sold, representing that sellers responsibility for incidental cost and risk ends when the goods are shipped on board of the transport vehicle. It is commonly termed as 'FOB' cost in which insurance and all incidental cost there after need to be born by the buyer Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 All rights reserved