What does the term / abbreviation "F.O.B." mean?

Question

On the link at the end of this whole description, there's a section to the left of the page that has the following information:

Exports: $6.442 billion f.o.b. (2005 est.): textiles and apparel, tea and spices; diamonds, emeralds, rubies; coconut products, rubber manufactures, fish.

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Now what I'm wondering is this: what does "f.o.b." mean?

Best Answer goes to first correct answer. I genuinely don't know this, so help would be nice. Thanks

Answer 1

Freight On Board

Answer 2

free on board

Answer 3

Free On Board. The term FOB (often seen as f.o.b.) is commonly used when shipping goods, to indicate who pays loading and transportation costs, and/or the point at which the responsibility of the goods transfers from shipper to buyer.

Has a great full description!

Answer 4

F.O.B. is a term used for freight and means " Free on Board ". The term refers to actual product worth and includes no freight costs.

Answer 5

FOB means Freight On Board.  This means you must unload it at your own cost.

Answer 6

Fall Out Boy a band

Father Of Baby, a term used on medical forms

Fecal Occult Blood, a term for blood present in the f***s that is not visibly apparent

Federal Office Building, an office building owned or occupied by the U.S. Government

Fetal osteoblast progenitor cell

First-on-base, the first to go, or the next one to go, after a break or intermission

Follow-on biologics, a term used to describe generic biologics

Forward Operating Base, any secured forward position that is used to support tactical operations

Fractional Orbital Bombardment, a method of nuclear weapons delivery.

Free On Board or Freight On Board, an Incoterm (international commerce) used in commercial shipping

Fresh off the boat, a slang phrase for people of foreign nationality

FOB, a 1981 David Henry Hwang play, that takes its title from the above phrase

From Origin of Business

Front-of-board, referring to the placement of microphones between the stage and soundboard during live concert recording

Front of Book, a term used in publishing describing the section of a magazine that comes before the features

Front of Box, used in the video games industry to identify the front cover of a title

Fruit-On-Bottom, a term for yogurt with the fruit in the bottom of the cup.[citation needed]

Flock Of Birds, a magnetic position tracker from Ascension Technology Corp.  

Answer 7

It means free of board. It indicate who pays loading and transportation costs, and/or the point at which the responsibility of the goods transfers from shipper to buyer.

Answer 8

Hi!  f.o.b means Free On Board, also known as Freight On Board.  Meaning as follows-

FOB is an abbreviation for Free On Board. The term FOB (often seen as f.o.b.) is commonly used when shipping goods, to indicate who pays loading and transportation costs, and/or the point at which the responsibility of the goods transfers from shipper to buyer. FOB shipping is the term used when the ownership/liability of goods passes from the seller to the buyer at the time the goods cross the shipping point to be delivered. FOB destination designates that the seller is responsible for the goods until the buyer takes possession. This is important in determining who is responsible for lost or damaged goods when in transit from the seller to the buyer. The buyer is responsible when shipped FOB shipping and the seller is responsible if shipped FOB destination. CAP, or customer arranged pickup, is used to denote that the buyer will arrange a carrier of their choice to pick the goods up and the liability for any damage or loss belongs to the buyer.

Answer 9

The band Fall Out Boy.

But these other folks are right in general used as Free On Board.