Definition of Free on board (f.o.b.)

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TeachMeFinance.com - explain Free on board (f.o.b.)



Free on board (f.o.b.)

The term 'Free on board (f.o.b.)' as it applies to the area of energy can be defined as ' A sales transaction in which the seller makes the product available for pick up at a specified port or terminal at a specified price and the buyer pays for the subsequent transportation and insurance'.

Previous 5 Terms:
Free Atmosphere
Free Ground Water
Free lunch (or breakfast, snack, or milk)
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Free on board (F.O.B. or f.o.b.)
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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".


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