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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 ...
6.2 FOB – Free on Board (named port of shipment) ... Since Incoterms 1980 introduced the Incoterm FCA, FOB should only be used for non-containerized seafreight and ...
The Incoterms (or International Commercial Terms) published by the International Chamber of Commerce (ICC) are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of the most commonly used terms in international trade. Common terms include: Free on Board (FOB) Cost and Freight (CFR, C&F, CNF)
Incoterms inform sales contract by defining respective obligations, costs, and risks involved in the delivery of goods from seller to buyer. Incoterms 2010, the 8th revision, refers to the newest collection of essential international commercial and trade terms with 11 rules. Incoterm 2010 was effective on and from January 1, 2011.
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These can relate to three types of sale contract as defined by Incoterms 2000: an FOB sale, a CIF sale or a DES sale. In the case of an FOB (Free On Board) sale, the determination of the energy transferred and invoiced for will be made in the loading port.
From December 2008 to December 2012, if you bought shares in companies when Diana L. Taylor joined the board, and sold them when she left, you would have a -4.1 percent return on your investment, compared to a 74.7 percent return from the S&P 500.
From January 2008 to December 2012, if you bought shares in companies when D. Scott Davis joined the board, and sold them when he left, you would have a 8.3 percent return on your investment, compared to a -2.8 percent return from the S&P 500.