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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 inland waterway ...
Since Incoterms 1980 introduced the Incoterm FCA, FOB should only be used for non-containerized seafreight and inland waterway transport. However, FOB is commonly used incorrectly for all modes of transport despite the contractual risks that this can introduce.
With FOB (Free on Board) origin (or FOB plant) pricing, the shipping cost from the factory or warehouse is paid by the purchaser. Ownership of the goods is transferred to the buyer as soon as it is placed aboard a common carrier. Typically the choice of carrier is made by the buyer.
To add to the confusion, UCC removed FOB and FAS 2-319 from its text in 2004 due to the conflict between the shipping and title transfer. UCC's definition used to cover the cost of the shipping (Free On Board - Seller pays freight to the ship's rail) AND transfer of title and liability (Seller transfers title and risk at the ship's rail).
FOB (shipping), or Free on Board, an Incoterm; Federal Office Building (disambiguation) Fixed odds betting terminal; Fob James (born 1934), former governor of Alabama;
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International DTD is a service provided by many international shipping companies and may feature intermodal freight transport using containerized cargo. The quoted price of this service includes all shipping, handling, import and customs duties, making it a hassle-free option for customers to import goods from one jurisdiction to another. This ...
The Ditto can be controlled by both an app and a fob, making it a flexible choice for different kinds of anal play. Women, in particular, noted that it worked for vaginal sex when you turned the ...