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    what does FOB mean in import export

    what is include in price of FOB for import export

    0  Views: 961 Answers: 1 Posted: 12 years ago

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    FOB (Free On Board) is a term in international commercial law specifying at what point the seller transfers ownership of the goods to the buyer. Under the Incoterms 2010 standard published by the International Chamber of Commerce, FOB is only used in non-containerized sea freight, and also defines ownership transfer.

    Bob/PKB

    I thought it meant "fresh off the boat" as an immigrant or tourist. :-0


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