FOB definition

FOB means Free on Board

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 prices shall be F.O.B. destination, freight prepaid (unless otherwise stated in special conditions).

• The successful bidder shall bear risk of loss until goods have reached the final F.O.B. Destination point.

• Unless otherwise clearly and specifically provided in the Detailed Specifications or the written purchase order, all deliveries will be F.O.B. destination (City of Chicago).Contractor understands and agrees that the initial acceptance of any delivery will not be considered as a waiver of any provision of this Contract and will not relieve the Contractor of its obligation to supply satisfactory goods which conform to the Contract.

• Regardless of F.O.B. point, Bidder agrees to bear all risk of loss, injury, or destruction of goods and materials ordered herein which occur prior to delivery, and such loss, injury, or destruction shall not release Bidder from any obligation hereunder.

• All deliveries under this Contract will be F.O.B. destination with all transportation and handling charges paid for by Contractor.

More Definitions of FOB

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 – 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 free on board;

FOB means Free on Board.

FOB means free on board. This term is used in conjunc- tion with a physical point to determine—

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