Search results
Results from the WOW.Com Content Network
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 ...
This term can be used when the goods are transported by rail and road. The seller pays for transportation to the named place of delivery at the frontier. The buyer arranges for customs clearance and pays for transportation from the frontier to their factory. The passing of risk occurs at the frontier.
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.
A forward operating base (FOB) is any secured forward operational level military position, commonly a military base, that is used to support strategic goals and tactical objectives. [1] A FOB may contain an airbase, hospital, machine shop, and other logistical facilities. The base may be used for an extended period of time.
A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers (party that transports goods).
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
A forward operating site (FOS) or forward operating location (FOL) is a U.S. military term for facilities, defined as "a scalable, 'warm' facility that can support sustained operations, but with only a small permanent presence of support or contractor personnel as opposed to a FOB or MOB. A FOS will host occasional rotational forces and many ...
On the floor of the Ex-Robots factory in China's northeastern coastal city of Dalian, engineers develop humanoid robots with a focus on enhancing facial expressions and emotions. Neck-length ...