A trade term requiring the seller to deliver goods on board a vessel designated by the buyer. The seller fulfills its obligations to deliver when the goods have passed over the ship's rail.
When used in trade terms, the word "free" means the seller has an obligation to deliver goods to a named place for transfer to a carrier.
Investopedia explains Free On Board - FOB
Contracts involving international transportation often contain abbreviated trade terms that describe matters such as the time and place of delivery and payment, when the risk of loss shifts from the seller to the buyer, as well as who pays the costs of freight and insurance.
( liyy )20 Aug,2010
BRIEF
INTRODUCTION
Cnbearing
is the No.1 bearing inquiry system and information service in
China, dedicated to helping all bearing users and sellers throughout
the world.
Cnbearing is supported by China National Bearing Industry Association,
whose operation online is charged by China Bearing Unisun Tech.
Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since
2000, over 3,000 companies have been registered and enjoyed
the company' s complete skillful service, which ranking many
aspects in bearing industry at home and abroad with the most
authority practical devices in China.
