FOB definition
FOB means all costs of freight, insurance, brokerage, customs duties and all other costs of delivery to the site named as F.O.B. will be borne by the Contractor and that ownership and title to all goods, materials, and equipment are transferred to the City when same are delivered by the Contractor to the City and the risk of loss or damage to the goods, materials and equipment transfers to the City only at such time as same are received and accepted by the City at the site named as “F.O.B.”;
FOB means Freight on Board
Examples of FOB in a sentence
All shipments of Products to Customer will be FOB point of shipment.
The definition of F.O.B. in the prior sentence shall be governed by the Uniform Commercial Code in effect in domestic shipments from the U.S. but for shipments to Company from outside the US, the INCOTERMS as it may be amended, shall be used for shipping terms.
Contractor shall provide all products F.O.B. delivery to the ordering facility at no additional cost to the State.
If applicable, all equipment pricing is to include F.O.B. Destination, with freight as a separate line item.
All vendor quotes, bids and invoices must include delivery FOB destination to the MPS location receiving the goods and freight must be prepaid.
More Definitions of FOB
FOB means Free on Board – Freight Prepaid and indicates the location at which ownership and responsibility for the goods transfers to the City. For the purposes of this contract, the Supplier shall be responsible for and bear all freight charges, own the goods in transit and will file any damages or claims incurred during shipping.
FOB means free on board.
FOB means Freight on Board "FOR" means Free on Rail "GCC" means General Conditions of Contract “GIT” means General Instructions to Tenderers “GST” means Goods and Services Tax which will replace Sales Tax "H1, H2 etc" means First Highest, Second Highest Offers etc in Disposal Tenders Incoterms means International Commercial Terms, 2000 (of ICC) "L1. L2 etc" means First or second Lowest Offer etc. "LC" means Letter of Credit "LD or L/D" means Liquidated Damages "LSI" means Large Scale Industry "NIT" means Notice Inviting Tenders. "NSIC" means National small industries corporation "PQB" means Pre qualification bidding "PSU" means Public Sector Undertaking "PVC" means Price variation clause "RC" means Rate contract "RR or R/R" means Railway Receipt "SBD" or "T D" means Standard Bid Document / Tender Document "SCC" means Special Conditions of Contract "SIT" means Special Instructions to Tenderers "BRBNMPL" means Bharatiya Reserve Bank Note Mudran Private Limited "SS I" means Small Scale Industry "ST" means Sales Tax "VAT" means Value Added Tax
FOB means the free-on-board value of the good, inclusive of the cost of transport to the port or site of final shipment abroad. The valuation shall be made in accordance with Article VII of GATT 1994 and the Agreement on Customs Valuation;
FOB means Free on Board and indicates that the supplier pays shipping and insurance costs from the point of manufacture or procurement to its specified destination, at which point the County will take responsibility.
FOB means free on board. This term is used in conjunc- tion with a physical point to determine—