FOB Contract definition

FOB Contract means a contract of sale of goods under this agreement of which the price to be paid by the Customer is exclusive of insurance and freight costs;
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FOB Contract means ‘Free on Board’ contract whereby the exporter bears the risk and liability of ensuring quality, packaging, transportation to the port and loading the goods on board the ship named by the Importer.
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Examples of FOB Contract in a sentence

  • Buyer will arrange for the shipment of Liquid Product in full truckload quantities (on common carriers selected by Buyer), where possible, and at Buyer's expense (including without limitation any duties payable in respect of any shipment) and risk of loss from the Supplier's Warehouse or Contract Plant or Contract Warehouse (i.e., F.O.B. Supplier's Warehouse or F.O.B. Contract Plant or Contract Warehouse).

  • The Lessee shall be able and prepared to interact with the FOB design team throughout the preparation and execution of the FOB Contract Documents.

  • For FOB Contract Types, Seller may assess storage charges, in the amounts identified on the Specific Terms, for each month that Product remains not removed by Buyer after the Final Shipment Date due (directly or indirectly) to any Buyer act or omission.

  • If the commodities under this contract are loaded at the second or a subsequent port, the words "filing of the vessel in accordance with Clause 8 of the North American Export Grain Association, Inc., FOB Contract ▇▇.▇ ("▇▇▇▇▇ ▇")" ▇▇ ▇▇▇▇▇▇ ▇▇▇) above shall be deemed to read "presentation of the vessel's passes".

  • In the event that the Goods are exported, delivery of the Goods may be subject to either FOB Contract or CIF Contract.