Free On Board

From Knowledge base
Jump to: navigation, search

“F.o.b.” means free on board. This term is used in conjunction with a physical point to determine—

(1) The responsibility and basis for payment of freight charges; and

(2) Unless otherwise agreed, the point where title for goods passes to the buyer or consignee.[1]

References and Notes

  1. ↑ FAR 2.1
Retrieved from "http://www.govcwiki.org/index.php?title=Free_On_Board&oldid=1025"