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FOB (shipping) FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or ...
Onboarding or organizational socialization is the American term for the mechanism through which new employees acquire the necessary knowledge, skills, and behaviors to become effective organizational members and insiders. In standard English [clarify], this is referred to as "induction". [1] In the United States, up to 25% of workers are ...
On-board diagnostics (OBD) is a term referring to a vehicle's self-diagnostic and reporting capability. In the United States, this capability is a requirement to comply with federal emissions standards to detect failures that may increase the vehicle tailpipe emissions to more than 150% of the standard to which it was originally certified.
The Standard Marine Communication Phrases (SMCP) is a set of key phrases in the English language (which is the internationally recognised language of the sea), supported by the international community for use at sea and developed by the International Maritime Organization (IMO). They aim to explain: 1) external communication phrases – ship to ...
A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws.
Boarding (transport) Boarding is the entry of passengers onto a vehicle, usually in public transportation. Boarding starts with entering the vehicle and ends with the seating of each passenger and closing the doors. The term is used in road, rail, water and air transport (for example, passengers board a coach).
Incoterms 2020 is the ninth set of international contract terms published by the International Chamber of Commerce, with the first set having been published in 1936. Incoterms 2020 defines 11 rules, the same number as defined by Incoterms 2010. [6] One rule of the 2010 version ("Delivered at Terminal"; DAT) [7] was removed, and is replaced by a ...
Watchkeeping. Watchkeeping or watchstanding is the assignment of sailors to specific roles on a ship to operate it continuously. These assignments, also known at sea as watches, are constantly active as they are considered essential to the safe operation of the vessel and also allow the ship to respond to emergencies and other situations quickly.