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TeachMeFinance.com - explain Free on board (F.O.B. or f.o.b.) Free on board (F.O.B. or f.o.b.) The term 'Free on board (F.O.B. or f.o.b.) ' as it applies to the area of agriculture can be defined as ' Indicates that the seller assumes all responsibilities and costs up to the specific point or stage of delivery named including transportation, packing, insuring, etc. A wide variety of f.o.b. terms is used, such as f.o.b. factor Detroit, f.o.b. cars New York, f.o.b. ship Norfolk. 'Free on board vessel,' under most P.L. 480 grain contracts, means delivery at the discharge end of the loading spout'. Previous 5 Terms: Free alongside ship (f.a.s.) Free Atmosphere Free Ground Water Free lunch (or breakfast, snack, or milk) Free market Next 5 Terms: Free on board (f.o.b.) free radicals Free rider Free stocks Free Trade Agreement of the Americas (FTAA) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.