Free On Board definition

Free On Board means that the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel, and the buyer bears all costs from that moment onwards.

Free On Board. ’ means that the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays the cost of marine freight transport, insurance, unloading, and transportation from the arrival port to the final destination.

Free On Board means that the seller fulfills his obligation to deliver when the goods have passed over the ship's rail at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that point.

Examples of Free On Board in a sentence

• Name: Date: Title: Reporting Template for Licensed Products Country Licensed Product manufactured and sold Strength Formulation (Tablet/granules /liquid/powder for suspension) Pack Size Quantity (number of packs) Total Value in USD (FOB)* Country of Origin * Please mention FOB (Free on Board) price basis country of origin Note: this format is to be filled and sent to MPP on a quarterly basis, 10 Business days from end of each calendar quarter.

• Free on Board (FOB) Destination – A shipping arrangement as defined in section 672.319(1)(b), Florida Statutes.

• All shipments are Free on Board (F.O.B.) destination with freight prepaid unless otherwise stated.

• All prices shall be Free on Board (FOB) destination delivery, and include installation, warranty, rate change protection, on- site training and product manuals.

• ETDC Electronic Testing & Development Center FOR/ FOB Free on Board or Freight on Board GoI/ GoR Govt.

More Definitions of Free On Board

Free On Board means free on board any ship, aircraft or vehicle; “free on board value”, in relation to—

Free On Board means that the seller delivers when the goods pass the ship's rail at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export. This term can be used only for sea or inland waterway transport. If the parties do not intend to deliver the goods across the ship's rail, the FCA term should be used.

Free On Board means that the seller delivers when the goods pass the ship's rail at the named port of shipment, this means that the buyer has to bear all costs and risk of loss of or damage to the goods from that point.

Free On Board means that the seller has to deliver the goods at the named port of shipment by placing them on board the vessel nominated by the buyer at the loading point, if any, indicated by the buyer (or by procuring the goods so delivered).

Free On Board shall be as defined in Incoterms 2010 of the International Chamber of Commerce.

Free On Board or “FOB” shall have the meaning described under FCA.

Free On Board means that Dyax shall (i) bear all costs associated with shipping Product to the US Bio designated facility, and (ii) bear all risk of loss for Product until its delivery to the designated US Bio facility. Title to, and risk of loss of, all Product shall pass to US Bio on delivery.