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New Post 4/20/2009 10:24 PM
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What does FOB really mean?  

I see FOB allot on offers and know that it means the shipping point.  But what does FOB stand for, and where did it come from?

 
New Post 4/20/2009 10:24 PM
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Re: What does FOB really mean?  
Modified By admin  on 4/20/2009 7:41:03 PM)

FOB, along with FAS, CFR (C&F), EXW, DDU and many others are called Incoterms. 

Incoterms are standard trade definitions most commonly used in international sales contracts. Devised and published by the International Chamber of Commerce. 

You can see the full list of Incoterms at http://www.iccwbo.org/incoterms/id3040/index.html

Click on each term and it will tell you the defination of the term, and the legal liability of the buyer and seller for that term.

 
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