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Topic: Free on board


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  Free On Board - Wikipedia, the free encyclopedia
Free On Board (FOB) is an Incoterm -- also commonly but incorrectly referred to as "Freight on Board".
Domestically within the United States and Canada, the term is used in two common phrases, "FOB shipping point" and "FOB destination," to distinguish when the title of goods passes from the seller to the buyer.
All text is available under the terms of the GNU Free Documentation License.
en.wikipedia.org /wiki/Free_On_Board   (465 words)

  
 SurfWax: News, Reviews and Articles On Free On Board
The department also said the lower surplus was due to faster increase of the imports free on board (fob) relative to that of exports fob.
Free on Board (FOB): The value consisting of all charges payable by a purchaser, including those incurred in the placement on board the conveyance for shipment but not including the actual shipping charges.
Free on board is the price of a commodity delivered to a the port where it will be loaded and excludes shipping costs.
www.lawkt.com /files/Free_On_Board.html   (3111 words)

  
 FOB defined
FOB is Free on Board and means that the charges become yours at the origination.
FOB destination, seller is responsible for method of shipping and cost, and the seller receives payment at the final destination.
FOB dest means that title/ownership passes to the purchaser, recipient, etc, upon delivery.
www.woodweb.com /knowledge_base/FOB_defined.html   (1495 words)

  
 INCO Terms
The buyer is responsible for all risks associated with the goods after they have passed the ship’s rail to be loaded on board the vessel, as well as the costs and risks related to the goods (receipt of the goods from the carrier) in the importing country.
The seller’s responsibility is fulfilled when the goods are delivered to a carrier, pass the ship’s rail, the contract of carriage is arranged, freight prepaid, to the named port, and insurance is obtained on the cargo.
The buyer is responsible for all costs and risks associated with the goods after receipt by the carrier – prior to loading on board the vessel or aircraft, as well as the costs and risks related to the goods (receipt of the goods from the carrier) upon arrival in the importing country.
www.shapiro.com /html/IncoTerms.html   (1872 words)

  
 Free On Board FOB
Free On Board (FOB) is an international sales term used in the transportation industry meaning that the seller fulfills his or her obligation to deliver a commodity when they have passed a specified loading point during a certain time period.
Also the FOB term requires the seller to clear the goods for export.
The risk of loss or damage is transferred to the buyer when the goods are loaded, so the buyer must ensure transportation and insurance from the loading point and must clear customs in the country of import.
www.12manage.com /description_free_on_board.html   (153 words)

  
 Cost/Quote Flow Chart
FOB Port means that the price includes product cost, packaging suitable for international transportation, and the cost of inland transportation from the seller's dock to the port of location.
FOB VESSEL - FOB Vessel, or Free-on-board Vessel includes product cost, packaging cost, inland freight to the port, re-consignment charges, pier delivery, terminal charges by the ocean carrier and any loading changes.
FOB BUYERS PLANT - FOB, Free-on-board, Buyer Plant location means that all shipping expense, other than buyers bank charges, is controlled by seller and is included in the price.
www.intuitivetransport.com /Library/Trade/cost_quote_flow_chart.htm   (525 words)

  
 Free on board
In many cases, such "free" training comes at a price -- either a monetary obligation or even more noxious, a requirement that students commit to work for a carrier exclusively for one or more years.
"The practice of some companies that advertise 'free' commercial driver training and then require the student to pay for part of the training, or stay with the carrier for a period of time after the training, is unethical and constitutes false advertising."
According to Murphree, prospective students often arrive at "free" training seminars only to learn they must enter into a contract requiring the repayment of training costs, which may range from 1,500 to 5,000 bucks.
fleetowner.com /mag/fleet_free_board/index.html   (674 words)

  
 Globe Express Services > Resource Center > Case Studies
Free On Board (FOB) — An international trade term of sale in which, for the quoted price, the seller/exporter/manufacturer clears the goods for export and is responsible for the costs and risks of delivering the goods past the ship’s rail at the named port of shipment.
The Free On Board term is used only for ocean or inland waterway transport.
By taking title to the goods as they cross the ship’s rail at the overseas port of shipment, importers are better able to obtain accurate and timely shipment information by working with the third party logistics provider of their choosing.
www.globeexpress.com /center/case1.asp   (626 words)

  
 Browne v. Hare   (Site not responding. Last check: 2007-11-03)
Property (and hence risk, which was the real issue in the case) was held to pass on shipment f.o.b., although the bill of lading was made deliverable "unto shipper’s order." Wait v.
Sewell, and there is no doubt that for both types of contract it remains the general rule that risk passes on shipment.
Sewell, it seems probable that property also passed on shipment, since the goods had been paid for, but just as for f.o.b., the rule does not depend on the time of property passing, and indeed, in c.i.f.
ourworld.compuserve.com /homepages/pntodd/cases/cases_b/browne_h.htm   (260 words)

  
    INCOTERMS 2000   
"Free on Board" means that the seller delivers when the goods pass the ship's rail at the named port of shipment.
This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that point.
The seller must deliver the goods on the date or within the agreed period at the named port of shipment and in the manner customary at the port on board the vessel nominated by the buyer.
www.inservice.ru /documents/incoterms-2000/fob_eng.html   (706 words)

  
 Free On Board -- resources
YarnsandFibers (subscription), Lack of competitiveness, incapability of creating famous brand, low rate of free on board and lack of skilled laborers for dying sector are other problems...
Resource Investor, This was evident in the increase in the price of steam coal from $20 a tonne free on board from Richards Bay five or six years ago to $48-$50 a tonne.
Free on board requires that the seller clear the goods for export.
bankruptcy.mongabay.com /resources/Free_On_Board.html   (1093 words)

  
 INCOTERMS
It is based on the same name principle as F.O.B. (free on board), except the seller fulfills its obligations when the goods are delivered to the custody of the carrier at the named place.
named port of shipment) Under "F.O.B." or "free on board," the goods are placed on board the ship by the seller at a port of shipment named in the sales agreement.
The risk of loss of or damage to the goods is transferred to the buyer when the goods pass the ship's rail (i.e., off the dock and placed on the ship).
www.cargo.com.lb /incodesc.html   (930 words)

  
 Agricultural Export Transportation Handbook - Quoting a Price   (Site not responding. Last check: 2007-11-03)
EXW is sometimes referred to as Free on Board (FOB)...packing house, warehouse, etc. Example: EXW Factory, EXW Warehouse, etc.
FAS (Free Alongside Ship...named port of shipment)--Under this term, the seller quotes a price for goods that includes charges for delivery of the goods alongside a vessel at the port.
FOB (Free on Board...named port of shipment)--Under this term, the seller quotes a price for goods that includes the cost of loading onto the transport vessel at the designated point.
www.ams.usda.gov /tmd/export/quoting_a_price.htm   (508 words)

  
 Cline Glass - Products - Definitions
"F.O.B." means that the commodity is placed "free on board" the carrier at shipping point in suitable shipping condition, and that the buyer assumes all risk of damage and delay in transit not caused by the seller.
This means, for example, that if a load is wrecked or stolen in transit, the buyer must pay the invoice price to the seller and file a claim with the carrier to recover damages.
Sometimes they would F.O.B. the siding, which means they would only pay to get it to the siding and not loaded onto a rail car, ship, truck, etc...
www.clineglasscompany.com /products/trade_terms.html   (231 words)

  
 Freightgate - Incoterms Lookup   (Site not responding. Last check: 2007-11-03)
It is based on the same name principle as F.O.B. (free on board), except the seller fulfills its obligations when the goods are delivered to the custody of the carrier at the named point.
"F.O.R." and "F.O.T." mean "free on rail" or "free on truck." Both refer to goods being carried by rail and should only be used when the goods are carried by rail.
Under "F.O.B." or "free on board," the goods are placed on board the ship by the seller at a port of shipment named in the sales agreement.
www.freightgate.com /resources/incoterms_dictionary.tet   (1138 words)

  
 The Week   (Site not responding. Last check: 2007-11-03)
For increment growth of over 20, 25 and 100 per cent, the duty-free credit would be 5, 10 and 15 per cent of ‘free on board’ value.
The Board of Trade will be revamped and a process of continuous interaction between the board and government is proposed, to save the public the frustration of communi-cation lacunae between government departments.
The Board of Trade shall be revamped and headed by an eminent person outside the government; maybe somebody like Ratan Tata.
www.the-week.com /24sep12/business_article3.htm   (944 words)

  
 Export Services ::::: Tober Group :::::
For example, FOB and CIF are routinely (if improperly) used for airfreight consignments; CandF (Cost and Freight) is still widely used instead of CFR; and FIS (Free Into Store) is used instead of DDU or DDP.
In the United States and Canada, FOB does not mean "Free on board a ship" as it does elsewhere - it can mean much the same as Ex-Works.
Once sellers place the goods, cleared for export, on board a ship at the port named in the sales contract, their obligations end.
www.tobergroup.com /incoterms.htm   (975 words)

  
 Incoterms
FOB FREE ON BOARD (named port of shipment)
Increased use of FCA (Free Carrier) prompted ICC to simplify delivery obligations under this term.
Under the "F"-terms (FCA, FAS and FOB), the seller is called upon to deliver the goods to a carrier appointed by the buyer.
www.iccwbo.org /incoterms/id3038/index.html   (700 words)

  
 Glossary -F   (Site not responding. Last check: 2007-11-03)
- FOB Named Point of Exportation: Seller is responsible for the cost of placing the goods at a named point of exportation.
Some European buyers use this form when they actually mean FOB vessel.
Cost of unloading a vessel is borne by the charterer.
www.indialpg.com /html/glossary/glossary_f.htm   (515 words)

  
 Cost Quotes
FOB SELLER'S PLANT - FOB Seller's Plant means only free-on-board to the dock of the seller.
Included in this term are product cost, cost of packaging for international shipment, inland freight from the seller's dock to the port, reconsignment charges by the inland carrier if bill of lading is not consigned to the ocean carrier, and the cost of cartage from the trucker's terminal to the pier.
FOB VESSEL - FOB Vessel, or Free-on-board Vessel includes product cost, packaging cost, inland freight to the port, reconsignment charges, pier delivery, terminal charges by the ocean carrier and any loading changes.
www.worldcargoalliance.com /Library/globaldata/cost_quotes.htm   (595 words)

  
 free bulletin board - create phpbb offers free message board
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 World Coal Institute - Shipping Facts 2
FIOST - Free In and Out Stowed and Trimmed - as for FIO (qv - see Shipping Facts Card 1), but also including stowing and trimming free of expense to vessel owner.
FOB - Free On Board - method of selling cargo excluding ocean freight and insurance, but including loading costs.
FOBT - Free On Board Trimmed - as for FOB (qv), but including trimming (qv) of cargo after loading.
www.worldcoal.org /pages/content/index.asp?PageID=192   (653 words)

  
 GoGoTraffic.com :: View topic - Tip: Post Ads For Free on Pixel Board Sites   (Site not responding. Last check: 2007-11-03)
The business model of the pixel board sites requires that the pixel board site owners must do their best to expose their site and raise the page rank of their pixel board as much as possible - that is the value that they are selling to their clients.
For most of the free pixel sections you merely pick the pixel blocks (10x10 pixels) you are interested in (the sites vary, offering anywhere from 1 to 50+ free pixel blocks).
Posting free pixel ads is not very time consuming, so if you want to spend an hour or two you should be able to post your free ad and link to 30+ free pixel boards.
www.gogotraffic.com /Forum/viewtopic.php?t=23   (574 words)

  
 Post your volunteers needed ad for free on our board.   (Site not responding. Last check: 2007-11-03)
We have a local job board (St. Louis and surrounding areas) and are offering free post for your volunteers needed ads.
Our intent is not to use this ad as a way to drive paying traffic to our site so please e-mail us through the link and we will direct you to the site.
This is a FREE service, you will not be charged for your volunteers needed ad.
stlouis.craigslist.org /vol/247626456.html   (148 words)

  
 Air hockey tables, foosball tables, dome hockey, chess boards & pieces.
From table top to free standing air hockey tables, Inhomegames.com offers a variety of air hockey tables for air hockey players of all ages.
Ranging in prices from $22.50 for a magnetic chess board to $899.00 for a chess table, Inhomegames.com offers a variety of chess boards for chess players of all levels.
Solid steel reinforcement rods and hard walnut supports are used to assure that the foosball table playfield remains perfectly level for years to come.
www.inhomegames.com   (1148 words)

  
 country   (Site not responding. Last check: 2007-11-03)
It means that goods from a foreign country; which are received into customs warehouses are not recorded at that stage in the special trade aggregates but only on movement into free circulation within the country receipt.
Excluding the free areas of Piraeus and Salonika.
Excluding the free areas and the Communes of Livigno and Campione.
www.oecd.org /dataoecd/17/2/1947934.htm   (2117 words)

  
 CANOE Travel - Canada - Free on board
But users don't pay to board the flagship Wolfe Islander III, which plies its trade between downtown Kingston and the island bearing the name of legendary General James Wolfe, at 124 sq.-km, the largest in the 1,800-plus Thousand Islands cluster.
When our kids were younger, we jumped on board just to give them a nautical experience.
With the first European visitor thought to be Samuel de Champlain in 1615, Wolfe Island has a long and colourful history, including as the site for the first cheddar cheese manufactured in Ontario in the 1860s, and as a stop on the Underground Railroad that delivered Americans from slavery.
www.canoe.ca /Travel/Canada/Ontario/2005/03/27/979454-sun.html   (721 words)

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