Free On Board (FOB)

Knowledge Center

12manage is looking for students. Info

Description of Free On Board (FOB). Explanation.

All about Free On Board (FOB)

Join now. Completely free.

	Your first visit to 12manage?
12manage is a global knowledge platform for managers, consultants, teachers, academics and students about management. To use all functions of 12manage, a (free) membership and login is required. Would you like to keep on developing yourself in management? Sign up for free.

Definition Free On Board (FOB). Description.

Free On Board (FOB) is an international sales term used in the transportation industry meaning that the seller fulfills his or her obligation to deliver a commodity when they have passed a specified loading point during a certain time period. The price includes loading the commodity on the transportation vehicle of the buyer. Also the FOB term requires the seller to clear the goods for export.

The risk of loss or damage is transferred to the buyer when the goods are loaded, so the buyer must ensure transportation and insurance from the loading point and must clear customs in the country of import. Furthermore, when counting inventory, merchandise in transit plays a crucial role depending on whether it is added to the company's balance sheet.

Note that because this is a legal term, its exact definition is much more complicated and can differ by country.

Special Interest Group - Free On Board (FOB)

Special Interest Group (5 members)

Forum - Free On Board (FOB)

Here you will find interesting and educational discussions.

	Free on Board (FOB) in Accounting Usage In accounting usage, - FOB Shipping Point means the receive...

	Who Initially Bears the Costs in Free On Board? (1 reactions) Who will bear all the costs iniatially? What happens after t...

Best Practices - Free On Board (FOB)

Here you will find the most valuable ideas.

Expert Tips - Free On Board (FOB)

Here you will find high-quality advice from experts.

Resources - Free On Board (FOB)

Here you will find powerpoint presentations, micro-learning videos and further information sources.

	News about Free On Board (fob)
	Videos about Free On Board (fob)
	Presentations about Free On Board (fob)
	Books about Free On Board (fob)
	More about Free On Board (fob)

Compare with: Cost, Insurance and Freight

Special Interest Group Leader

You here? Sign up for free

Return to Management Hub: Supply Chain & Quality

More on Management | Return to Management Dictionary |

This ends our Free On Board (FOB) summary and forum.