free on board

adjective

  • Business (Corporate) Law/Company Law
  • Sale of Goods and Services

Definitions of free on board

  • a phrase that identifies the seller as responsible for arrangements to export goods and the buyer as responsible for payment to transport goods once they are loaded on the ship

    The negotiations ended when the seller insisted that the goods be FOB because the buyer refused to bear the costs for shipping the goods.

This is a limited preview — please sign in or subscribe to learn everything we know about the term “free on board”.

Abbreviations of free on board

Phrase Bank for free on board

Additional Notes for free on board