F.O.B. legal definition of F.O.B.
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An abbreviation for free on board, which means that a vendor or consignor will deliver goods on a railroad car, truck, vessel, or other conveyance without any expense to the purchaser or consignee.
F.O.B. ‘free on board’, a special arrangement for sale of goods developed by commerce. The buyer insures for the journey as well as paying for the goods and for the freight. The seller pays the cost of having the goods put on the ship. See CIF, F.A.S., F.O.R.
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