A term used in the freight market which stands for Free on Board. The price includes delivery to the port and the loading into a vessel. Dresdner Kleinwort Wasserstein financial glossary
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FOB FOB
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A shipping term, which stands for Free on Board. If a price quote is FOB, the costs of the goods and the loading of the ship are included, but not the freight charges. This makes imports more directly comparable with exports.
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FOB UK US adjective, adverb TRANSPORT, COMMERCE
► FREE ON BOARD(Cf. ↑free on board): »
At the FOB point the risk of loss passes from the seller to the buyer.
Financial and business terms. 2012.