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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 ...
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.
Under FOB terms the seller bears all costs and risks up to the point the goods are loaded on board the vessel. The seller's responsibility does not end at that point unless the goods are "appropriated to the contract" that is, they are "clearly set aside or otherwise identified as the contract goods". [ 21 ]
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. In the case of a CIF (Cost Insurance & Freight) or a DES (Delivered Ex Ship) sale, the energy transferred and invoiced for will be determined in the unloading port.
Product name API gravity Sulphur content (as % of mass) Operating company Location of field Port of sale Abu Bukhoosh 31.6° 2.0% Total Abu Al Bukhoosh Dubai: Abu Al-Bukhoosh Agbami 47.5° 0.044% Chevron: Nigeria: offshore Undisclosed Undisclosed Undisclosed Genel Energy/CPC Taiwan Somaliland: Central Somaliland oil fields Aktobe 41.6° 0.73% ...
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Business Programs Division, which handles the registration of companies, notary services, etc. State Archives, which also administers the State Museum that is a part of the Secretary of State's headquarters in downtown Sacramento. The Secretary of State's Office also works in conjunction with the state Voting Modernization Board.
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