ＦＯＢ

noun

free on board; FOB

Trade term indicating the seller delivers goods on board a vessel nominated by the buyer; risk transfers at that point. Used in international shipping contracts.

• この契けい約やくはＦＯＢ東とう京きょうです。

  This contract is FOB Tokyo.

• ＦＯＢ条じょう件けんでは、船ふな積づみ後ごのリスクは買かい手てが負おいます。

  Under FOB terms, the buyer bears the risk after loading.