FOB meaning in Shipping ?

Answer:

What is Freight On Board mean?

FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway transport. As with all Incoterms, FOB does not define the point at which ownership of the goods is transferred.

The term FOB is also used in modern domestic shipping within North America to describe the point at which a seller is no longer responsible for shipping costs.

Ownership of a cargo is independent of Incoterms, which relate to delivery and risk. In international trade, ownership of the cargo is defined by the contract of sale and the bill of lading or waybill.

reference

Full Form	Category
Frequency Operated Button	Academic & Science
Fall Out Boy	Accounts and Finance
Fort Bragg (ca)	Airport Code
Boyds Collection, LTD.	Business
Front Of Board	Business
Finger Operated Button	Business
Firms Out of Business	Business
Friends Over B*tches	Community
Flutes On Boats	Community
Friend Of the Band	Community
Festival Of Bands	Community
Front Of the Book	Community
Freedom Of Belief	Community
Fiber Optic Backbone	Computing
Form Overlay Buffer	Computing
Fiber Outlet Box	Computing
Floating Object	Computing
Fresh Of the Boat	General
Foam On Beer	General
Free On Bo	General
Ford Of Britain	General
Foot Operated Brake	General
Friend Of Boyds	General
Family Of Barry	General
Free On Board	General
Facebook Oversight Board	General
Frickin Orange Blender	General
Front of Book	General
Fresh Off of the Bihangie	General
Flying Other Brothers	General
Food On Board	General
Full of Baloney	General
Forward Operation Base	General
Fuel On Board	General
Fresh out of the box	General
Foreign or Overseas Born	Governmental
Family- Owned Business	Governmental
Federal Office Building	Governmental
First On Board	Governmental
Federal Order of Body	Governmental
Found On Base	Governmental
Fresh Off Boat	Jobs
Friend of Bill	Jobs
Father of Bride	Jobs
Fecal Occult Blood	Medical
Father Of Baby	Medical
Faecal Occult Blood	Medical
Fine Oriental Boy	Messaging
Frequently Out of The Building	Messaging
Fabulous Oriental Being	Messaging
Forward Operating Base	Military
Feet On Bunk	Military and Defence
Fresh Off The Boat	Military and Defence
Forward Operations Base	Military and Defence
Field of Battle	Military and Defence
Fractional Orbital Bombardment	Military and Defence
Features Other Than Buildings	Real Estate
Freight On Board	Shipping
Flight Operations Building	Space Science
Forward On Busy	Telecommunication
Forbes Field	Transport & Travel