What doese FOB mean?

Anonymous

∙ 12y ago

Updated: 8/20/2019

FOB means Free on Board. While quoting rates in international trade, this term is extensively used. FOB should include cost of material, profit element,clearing agent's charges at port of shipment,where as the freight will be payable at destination by the importer and insurance is to be arranged by importer at their end.

Wiki User

∙ 12y ago

What else can I help you with?

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