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free on board |
Also found in: Financial, Acronyms, Wikipedia | 0.03 sec. |
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free on board (FOB) adj. a reference to the place where purchased goods will be shipped without transportation charge. Free on board at the place of manufacture shows there is a charge for delivery. Example: if an automaker in Detroit sells a car "FOB Detroit," then there will be a shipping charge if delivery is taken anywhere else. If the contract reads "FOB New Orleans," then the auto will be shipped to that city without charge, but with charge for delivery from New Orleans to somewhere else. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Despite potentially enhanced profits, a large portion of America's exportable raw materials are sold at mine site, or Freight on Board (FOB) rail and less often FOB port of loading. 00 None Price Protection Annual increase Firm for 2 years; year 3 capped at 3% Vendor B Freight Terms FOB Destination, Prepay and Absorbed by Seller Payment Terms Net 45 days/2% 10 days Minimum Order None Price Protection Firm for 3 years * Freight on board In a press release filed on May 17, 2005, the Company announced its preliminary results for the period ended March 31, 2005 and explained it delayed filing the Form 10-Q for the first quarter of 2005 until it completed an analysis of certain revenue recognition matters relating to freight on board (FOB), right of return and service contracts. |
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