Fob Freight Meaning
What does FOB mean in shipping. Use Uniform Commercial Code UCC instead of Incoterms. Fob Destination Definition Example Operations Supply Chain Dictionary Mba Skool Study Learn Share FOB or Freight on Board is one of the more common were asked to explain. Fob freight meaning . Using FOB shipping terms means the costs risks and responsibilities are split fairly equally between the buyer and the seller of goods. Freight on Board also called Free on Board primarily in international shipping is an international commercial law term defined by the International Chamber of Commerce. This basically means that the cost of delivering the goods to the nearest port is included but YOU as the buyer are responsible for the shipping from. FOB origin or FOB shipping point refers to the term that the buyer is at risk and can claim ownership of goods once they are shipped by the seller. LinkedIn with Background Education. In this case the buyer bears freight cost and also records it as Fre