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FOB stands for "Free On Board". There is no line item payment by the buyer for the cost of getting the goods onto the transport. There are two possibilities: "FOB origin", or "FOB destination". "FOB origin" means the transfer occurs as soon as the goods are safely on board the transport.
FOB – Free on Board (named port of shipment) Main article: FOB (Shipping) Under FOB terms the seller bears all costs and risks up to the point the goods are loaded on board the vessel.
Geographical pricing, in marketing, is the practice of modifying a basic list price based on the geographical location of the buyer. It is intended to reflect the costs of shipping to different locations. There are several ways to apply the cost of shipping to the prices.
Containerization is a system of intermodal freight transport using intermodal containers (also called shipping containers and ISO containers). The containers have standardized dimensions. They can be loaded and unloaded, stacked, transported efficiently over long distances, and transferred from one mode of transport to another— container ...
A carrier is an entity that actually transports goods and may use a variety of shipping modes, including ships, airplanes, trucks, and railroads, including multiple modes for a single shipment. For example, the freight forwarder may arrange to have cargo moved from a plant to an airport by truck, flown to the destination city and then moved ...
Risk of loss shifts from seller to buyer at the time that seller completes its delivery obligations. If it is a destination contract ( FOB (buyer's city)), then risk of loss is on the seller. If it is a delivery contract (standard, or FOB (seller's city)), then the risk of loss is on the buyer.
An order bill of lading is used when shipping merchandise prior to payment, requiring a carrier to deliver the merchandise to the importer, and at the endorsement of the exporter the carrier may transfer title to the importer.
This map of shipping routes illustrates the relative density of commercial shipping in the world's oceans. Freight transport, also referred as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo.
FOB, a 1981 play by David Henry Hwang; Fall Out Boy, an American rock band; Fashion and technology. Fob pocket; Key fob; USB fob; Watch fob; Medicine. Fecal occult blood; Follow-on biologics; Military. Forward operating base; Fractional Orbital Bombardment; Other uses. FOB (shipping), or Free on Board, an Incoterm
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