free on board

Definitions

Accounting

  • adjective including in the price all the seller’s costs until the goods are delivered to a place

Law

  • noun an international contract whereby the seller promises to deliver goods on board ship and notify the buyer of delivery, and the buyer arranges freight, pays the shipping cost and takes the risk once the goods have passed onto the ship
  • noun a contract for sale whereby the price includes all the seller’s costs until the goods are delivered to a certain place

Publishing

  • adjective relating to a price which includes all the seller’s costs until the goods are on the ship for transportation.
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